The following messages regarding Association changes will be included in the February 2020 merchant statements:
Discover Assessments Fee:
Increasing Discover Assessments fee from 0.13% to 0.14%
Statement Message
IF YOUR MERCHANT ACCOUNT IS SET WITH DISCOVER DUES AND ASSESSMENTS, EFFECTIVE APRIL 2020, DISCOVER IS INCREASING THE DUES AND ASSESSMENTS FEE FROM 0.13% TO 0.14% WHICH IS MULTIPLIED BY YOUR GROSS SALES VOLUME FOR DISCOVER FULL ACQUIRING CREDIT AND NON-PIN (SIGNATURE) DEBIT CARD TRANSACTIONS. THIS FEE WILL APPEAR AS A SEPARATE LINE ITEM IN THE SUMMARY OF CARD FEES IDENTIFIED AS DISCOVER DUES AND ASSESSMENTS. CONTINUING YOUR MERCHANT ACCOUNT WITH US OR USE OF YOUR MERCHANT ACCOUNT AFTER 30 DAYS WILL REPRESENT YOUR ACCEPTANCE TO THESE TERMS.
American Express Network Fee:
Increasing American Express Network fee from 0.15% to 0.16%
Statement Message
AMERICAN EXPRESS IS INCREASING THE NETWORK FEE BY 0.01% FROM 0.15%. EFFECTIVE APRIL 2020, THIS FEE WILL BE ASSESSED AT 0.16% OF THE SALES VOLUME FOR AMERICAN EXPRESS TRANSACTIONS, AS APPLICABLE, FOR CREDIT CARD TRANSACTIONS. THIS FEE WILL APPEAR ON YOUR STATEMENT IDENTIFIED AS IDENTIFIED NETWORK FEE.
Discover Program Integrity Fee:
A new acquirer fee of $0.05 will be assessed on Discover Card sale transactions that are downgraded to or directly qualify for U.S. Mid Submission Level Program fee attributes and Base Submission Level Program fee.
Discover Mid Submission and Base Submission are generally Qualified as a result of the non-optimized card acceptance method.
Statement Message
EFFECTIVE APRIL 2020, DISCOVER IS INTRODUCING A PROGRAM INTEGRITY FEE OF $0.05 PER U.S. MID SUBMISSION LEVEL OR U.S. BASE SUBMISSION LEVEL QUALIFIED TRANSACTION. THIS FEE WILL APPEAR ON YOUR STATEMENT IDENTIFIED AS DS PROGRAM INTEGRITY FEE.
Visa Account Verification Fee:
Visa will be assessing new rates for the Visa Account Verification Fee. (The fee is currently at $0.025 per verification regardless of the card type.) With this change, the existing Visa Account Verification Fee will appear as three separate fees for credit ($0.035), debit ($0.030) and international ($0.070).
EFFECTIVE APRIL 2020,VISA WILL BEGIN ASSESSING NEW RATES FOR THE EXISTING VISA ACCOUNT VERIFICATION FEE. WITH THIS CHANGE THE VISA ACCOUNT VERIFICATION FEE WILL BE BROKEN OUT INTO THREE SEPARATE FEES AND YOU WILL BE ASSESSED THE FOLLOWING FEES: $0.035 FOR CREDIT, $0.030 FOR DEBIT AND $0.070 FOR INTERNATIONAL ZERO DOLLAR AUTHORIZATIONS TO VERIFY A CARDHOLDER’S ACCOUNT IS IN GOOD STANDING PRIOR TO SUBMITTING AN AUTHORIZATION. THIS FEE WILL APPEAR AS A SEPARATE LINE ITEM IN THE SUMMARY OF CARD FEES IDENTIFIED AS INT ACCOUNT VERIFICATION, ACCOUNT VERIFICATION CRD and/or ACCOUNT VERIFICATION DBT APPLICABLE.
Many competitors will use this opportunity to surcharge the pass-through fees.
The pricing team will share statement messages of competitor’s electing to surcharge the fees.
Please contact statements@indigopayments.com with questions.
