Tag: Mastercard


Credit Card Processing

Mastercard Acquirer License Fee

Ben Dwyer
by Ben Dwyer

Assessment Fees Acquirer License Fee (ALF) Locating the Acquirer License Fee on Statements Lowering Credit Card Processing Costs Assessment Fees As part of credit card processing costs, the credit card company sets the pricing themselves. Assessment fees apply to all business types and your credit card processor passes those charges to you. The Acquirer License […]

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The “Acquirer License Fee” (ALF) is a Mastercard assessment fee that gets passed to businesses as part of the cost of credit card processing. The fee varies, but is often listed explicitly on processing statements. Let’s take a closer look at the fee and when it will be charged.

Mastercard Location Fee

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Credit Card Processing

Kilobyte Access Fee (Visa and Mastercard)

Ben Dwyer
by Ben Dwyer

Assessment Fees Kilobyte Access Fee Locating the KB Fee on Your Processing Statement Lowering Processing Costs Assessment Fees Both Visa and Mastercard charge assessment fees as a way to make money from credit card transactions. Assessment fees are typically small (often fractions of a penny) but multiple assessment fees can apply to the same transaction. […]

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Visa and Mastercard both charge a Kilobyte Access Fee as one of their assessment fees for credit card processing. As of 2018, Visa’s fee is set at $0.0047 while Mastercard’s is $0.0035. The fee is charged for each authorization transaction submitted to the card network for settlement. Let’s look at what that means and how to determine your costs for the Kilobyte Access Fee.

Mastercard Location Fee

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Credit Card Processing, ecommerce

Mastercard’s AVS Fee

Ben Dwyer
by Ben Dwyer

Currently, Mastercard set the AVS card-present fee at $0.005 and the AVS card-not-present fee at $0.01. Mastercard Assessment Fees AVS Fee Scenarios Locating the AVS Fee on Processing Statements Lowering Your Processing Costs Mastercard Assessment Fees There are a few different types of fees for credit card processing. Assessment fees are fees that go directly […]

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There are actually two ‘versions’ of the Mastercard AVS Fee: Card-present and card-not-present. The fee is charged when your business utilizes the Address Verification Service to check that the address provided by a cardholder matches the address on file with the credit card company.

Mastercard Location Fee

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Credit Card Processing, News

All Four Major Credit Cards to Go Signature-Free

Brian Hassan
by Brian Hassan

The paradigm shift was been prompted by leaps in credit card security and fraud protection, along with consumer trends such as the rise of mobile payments technology (e.g., Apple Pay), and of course the now-ubiquitous chip card. What changed, and does it affect your business? Let’s take a look. What Changed Announcing the Changes Mastercard […]

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As of 2018, signatures are no longer required for credit card purchases. The four major credit cards let go of the requirement for cardholders to provide a signature for purchases when using a chip-enabled card.

Signature Free

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Credit Card Processing

Mastercard Card Validation Code (CVC2) Fee

Ben Dwyer
by Ben Dwyer

Currently, Mastercard charges $0.0025. Let’s take a closer look at the criteria for the fee and how to determine if you’ve been charged. Card Validation Code Fee Mastercard Assessment Fees Locating the CVC2 Fee on Your Statement How to Find More Competitive Processing Card Validation Code Fee As mentioned above, the CVC2 Fee applies when […]

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Mastercard’s Card Validation Code 2 (CVC2) Fee is a charge that applies when you submit the CVC2 (three-digit code on the back of a customer’s card) with a transaction for authorization.

Mastercard Location Fee

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Credit Card Processing

Mastercard Account Status Inquiry Fee

Ben Dwyer
by Ben Dwyer

Currently, Mastercard sets the Account Status Inquiry Fee at $0.025. Mastercard Processing Fees Account Status Inquiry Fee Fees on Your Processing Statement How to Lower Your Processing Costs Mastercard Processing Fees The fees that Mastercard charges for credit card processing are called assessment fees. They’re one part of the total cost to process a credit […]

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As the name implies, Mastercard’s Account Status Inquiry Fee is charged when a business requests information about the status of a cardholder’s account, such as whether the card is valid, but doesn’t actually charge the customer’s card.

Mastercard Location Fee

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Credit Card Processing

Mastercard Processing Integrity Fee

Ben Dwyer
by Ben Dwyer

The amount and criteria for the fee vary depending on specific circumstances, which we’ll explain in detail below. Processing Integrity Fee Summary Mastercard Assessment Fees Processing Integrity Fee in Detail Pre-Authorization Final Authorization Undefined Authorization Other Rules Locating the Processing Integrity Fee on Statements Lowering Your Mastercard Acceptance Costs Processing Integrity Fees Summary Currently, the […]

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The Mastercard Processing Integrity Fee is an “assessment fee” Mastercard charges to encourage businesses to adhere to correct authorization standards for transactions.

Mastercard Location Fee

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Credit Card Processing, ecommerce

Mastercard Digital Enablement Fee

Ben Dwyer
by Ben Dwyer

Let’s take a look at when you’ll be charged, how much, and how to locate the fee. What is the Digital Enablement Fee? Credit Card Assessments Where to Find the Digital Enablement Fee The Digital Enablement Fee on Interchange Plus and Tiered Statements The Digital Enablement Fee on Flat Rate Statements Can I get the […]

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Wondering about the “digital enablement fee” on your credit card processing statement? Mastercard’s Digital Enablement Fee is a charge to businesses that accept card-not-present transactions, such as  those made on ecommerce websites.

Mastercard Location Fee

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