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Visa’s International Service Assessment Fee Policies

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Visa’s International Service Assessment Fee Policies

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  1. Visa’sInternationalService AssessmentFeesisoneof manyassessmentfeesthat Visachargestoassessthe increasedrisksofforeign transactions.TheISAfee onlyapplieswhentheUS- basedbusinessesaccepta Visacardissuedbyanon- USbank. Visa’sInternationalService AssessmentFeePolicies

  2. ISA (International TheISAfeeappliestoallthe transactionsinvolvingUS-based Service businessandaforeigncardissuer. CurrentVisa’sISAfeeis0.80%.Itisa Assessment) mergedfeeofthestandardassessment fee (0.13%) andtheinternational acquirerfee (0.45%).TheTransaction wouldincur1.38% inassessmentfees. Thisamountisinadditiontothecostsof interchangeandtheprocessor’s markup.

  3. Mostbusinesseswanttopayasless aspossibleforcreditcard processing,butlet’sgetthisstraight thatmostofthepeopleusuallyare notawareiftheyaregetting competitivemarkupornot.Ifyou wanttocutdownthecostsonthe creditcardprocessing,you’llhaveto makesureyougetcompetitive markupifnot,you’repayingmore thanyoushould.

  4. VisaAssessmentFees: Assessment fees are the methods by which Visa makes money. For example, when you take a Visa card at your business, the transaction incurs assessment fees from Visa, which your credit card processor passes to you. Assessment fees are non- fluctuating for processors; they are not even negotiated with Visa for individual businesses. However, there have been examples of processors tampering with assessment charges. They were adding different types of charges without disclosing it to businesses. Indeed, a payment processor was sued for that practice. Ideally, you’ll work with a processor that passes assessments to you at a cost. We, at Merchant Stronghold, have a legal agreement with acquirers that stipulates the processor to pass charges to you at the right cost. Furthermore, we monitor the statements to ensure clients are billed correctly.

  5. Whopaysthe ISA? Thiscomesinbrutalbecausefrom amerchant’spointofviewitmight seemfairthatcustomermustpay thisadditionalprocessingcost.But, sinceVisahasnowaytobillyou directlyfortheISAfee,theycharge ittoyourprocessor,andthe processorwillpassthecostinthe monthlyaccountstatement.

  6. TheTechnologicaladvancementshavebrokendownmanybarriersthatpreviouslyTheTechnologicaladvancementshavebrokendownmanybarriersthatpreviously limitedinternationalcommerce.InthisageofInformation,transactionsbetweenUS- basedmerchantsandinternationalfinancialinstitutionsarebecomingmore common,andthistrendwillonlycontinuetogrowinthefuture.Extrafeesfor processingcardtransactionsacrossnationalbordersare,unfortunately,probably heretostay.

  7. CONTACTUS USHeadOffice 1030049thStreetNSuite427 Clearwater,Florida33762 UKHeadOffice 160CityRoadKempHouse LondonEC1V2NX +1 (888) 622 - 6875 +1 (844) 465 - 4723 info@merchantstronghold.com www.merchantstronghold.com

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