There are a number of new and enhanced fee structures effective April 1, 2014 being implemented by VISA, MasterCard, Discover Card, and other network providers. Wind River Financial believes in transparency of all association fees applicable to your merchant processing costs, so we will be passing through these new fees with no mark-ups or changes. There are hundreds of fee structures and not all are applicable to all card types or to all merchants, so detailed below are the few that will affect most merchants’ day to day transaction processing costs. For a full listing of these new fees please follow the links provided
April 2014 Interchange Modifications.
VISA Interchange Fees and New Programs – Visa will introduce new interchange programs for new consumer products as well as modify assessments on the Acquirer International Services Assessment. Click here for details.
MasterCard Interchange Fees – MasterCard is introducing a new Commercial Accounts Payment product. MasterCard is also creating some new large ticket programs as well as making changes to some existing programs. Click here for details.
Discover Card Rate Changes for Existing Prepaid Interchange Programs – Discover will be making some interchange rate changes to some pre-paid programs. Click here for details.
Pulse Merchant Participation Fee – The Pulse Debit Network will charge a $9.00 annual participation fee to merchants processing a pin debit transaction on the Pulse network.