There are a number of new and revised fee structures effective April 1, 2016 being implemented by VISA, MasterCard, and Discover Card. 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 2016 Interchange Modifications.
VISA New Fee Program – Visa will introduce a new BASE II Credit Voucher fee on all credit transactions. Previously there has been a fee for the settlement of a sale, now there will also be a fee for the settlement of a credit refund transaction. For details click here.
MasterCard Fee Program Increase and Revision – MasterCard is revising the pricing structure by adding a new tier for the Acquirer Brand Volume Fee on consumer and commercial credit volume for transactions that are of USD $1000.00 or higher. For details click here.
Discover Card Fee Program Increases – Discover will be making a general change to the rates of the existing Acquirer Data Usage, International Processing Fee and International Service Fee. Click here for details.
NYCE Merchant Location Participation Fee Increase– The NYCE Network will raise their annual Merchant Location Participation Fee from $7.00 to $10.00. This increase will be reflected on our statements for all merchants accepting NYCE PIN debit cards in the past 12 months.
If we can help you further understand these changes please contact us by calling Client Care 800 704-7253 or by clicking here.