Acquirer Fee definition
Examples of Acquirer Fee in a sentence
We may, in our sole discretion elect to waive this fee and instead assess to you the following fees as pass-through fees (which may be as an allocation): (i) the Visa Fixed Acquirer Network Fee (“FANF”); (ii) the MasterCard Acquirer Fee; (iii) the Discover Access Fee (which may be labeled as the Discover Data Usage Fee); and (iv) American Express Access Fee.
Processor and Merchant acknowledge and agree the Visa Fixed Acquirer Network Fee (“FANF”) and the MasterCard Acquirer Fee will be billed as direct pass thru to the Merchant.
On International transactions Merchants may be charged a rate of up to 0.55% for Visa’s International Acquirer Fee, Maestro U.S. and MasterCard’s Acquirer Program Support Fee and Discover’s International Service Fee and International Processing Fee.
We may, in our sole discretion elect to waive this fee and instead assess to you MasterCard Acquirer Fee as a pass-through fee (which may be as an allocation).
If ”Pass Through” is selected we will assess you the Network and Processor Access Fee as pass- through (which may be as an allocation) of: (i) the Visa Fixed Acquirer Network Fee (“FANF”); (ii) the MasterCard Acquirer Fee; (iii) the Discover Access Fee (which may be labeled as the Discover Data Usage Fee); and (iv) the American Express Access Fee.