What is Visa Fixed Acquirer Network fee? Everything You Need to Know

ByMarkl Harries

Visa Fixed Acquirer Network Fee (VANF) is a charge assessed by Visa to financial institutions that have acquired merchants who accept Visa card payments. The fee is used to help offset the costs associated with providing payment processing services to these merchants.

The VANF is assessed on a per-transaction basis, and the amount of the fee varies depending on the type of transaction and the country in which it takes place. For example, a domestic transaction in the United States would have a different VANF than an international transaction in Europe.

Visa has published a list of acquirers that are assessed the VANF, as well as the fees they charge, on its website. acquirers can also pass the VANF on to their merchants in the form of a surcharge.

The VANF is just one of many fees that acquirers and merchant must pay when they accept Visa card payments. Other fees include the Interchange Fee, which is paid by the acquirer to the issuer, and the Card Acceptance Fee, which is paid by the merchant to the acquirer.

Despite the fees, Visa remains one of the most popular payment methods in the world. In 2017, Visa processed over $6.8 trillion in total payments volume. This volume is expected to grow to $32 trillion by 2025.

Visa is accepted at over 44 million locations around the world, and there are more than 2.5 billion Visa-branded cards in circulation. The company also offers a number of different products and services, such as the Visa Checkout service, which allows customers to pay for online purchases with a single click.

Despite the fees associated with accepting Visa payments, the benefits of doing so are clear. For businesses that want to tap into the vast number of consumers who use Visa cards, there is no better option.

Do you want to start accepting Visa card payments at your business? Contact us today to learn more about how we can help. We offer a variety of payment processing solutions that can help you take advantage of the many benefits of accepting Visa cards.We hope this article has helped you better understand the Visa Fixed Acquirer Network Fee. If you have any questions, please feel free to contact us. We would be happy to answer them.