There are a number of new and revised fee structures effective April 1, 2017 being implemented by VISA, MasterCard, Discover Card, PULSE and NYCE. 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 go to our website in our Merchant Portal and Resource Library, Pricing and look for the title April 2017 Interchange Modifications.
VISA Interchange Fee Program Additions and Revision – Visa will introduce new interchange programs for both B2B Virtual Payment and U.S. Government categories as well as revise the interchange rate for the Private Label Premium product. Click here for details.
MasterCard Interchange Fee Program Additions and Revisions – MasterCard is introducing new interchange programs for Refund transactions from Regulated debit cards as well as within the Large Market category. MasterCard is revising several Commercial Card interchange rates as well as revising both the fee descriptors and rates for two existing Large Market programs. Click here for details.
Discover Card Fee Program Increases – Discover will revise the rates for several consumer credit card interchange programs. Click here for details.
PULSE Merchant Participation Fee Increase– The PULSE Network will raise their annual Merchant Participation Fee from $9.00 to $12.00. This increase will be reflected on our statements for all merchants accepting PULSE PIN debit cards in the past 12 months.
NYCE Merchant Participation Fee Increase– The NYCE Network will raise their annual Merchant Participation Fee from $10.00 to $12.00. This increase will be reflected on our statements for all merchants accepting NYCE PIN debit cards in the past 12 months.