Fixed Acquirer Network Fee
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The Fixed Acquirer Network Fee (FANF) is a fee that Visa began assessing each of its merchants for in April 2012.[1] Ranging from US$1.25 to $380,000, it is based on the size of the merchant.[2] For example, a high-volume merchant category code (MCC) with over 4,000 locations would have to pay a price near the top of the spectrum, while a small business would end up paying somewhere near the bottom.[3]
References
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External links
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