![]() There are dozens of different fees charged by card associations that apply in different situations. But things get a little more complicated because each card association charges fees differently, and some even use different names and terminology for the same service. It’s worth noting that some businesses decide to pass card processing fees on to the customer - a system known as surcharging. These fees make up part of the wholesale fees you have to pay as a merchant to process credit card transactions. In this guide we’ll take a look at what they are, how they’re charged, and how they’re different from one another.Ĭard association fees, also known as card brand fees and card assessment fees, are the fees that credit card associations like Visa, Mastercard, Discover and American Express charge for their services every time you take a credit card payment. ![]() Whatever your situation, let’s get to the bottom of card association fees and interchange fees and what they could mean for your business. Maybe you’re filling in your application for a merchant account and have seen a chart full of confusing and mysterious fees. ![]() You may have seen or heard the terms “card association fees”, “card brand fees” and “interchange fees” while doing your research around card processing, or perhaps you’ve noticed some mysterious fees on your processing statement for the first time. ![]()
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