Debit Network Exclusivity and Routing Exclusivity:Issuers are required to have two unaffiliated payment card networks on every card, starting April 1, 2012.Debit Routing:Merchants can designate their preferred routing for debit transactions, starting October 1, 2011.Important considerations:-  At this time, there are no changes to your debit card acceptance, terminals or POS.-  Cardholders

In addition to interchange and assessments Visa also apply fees http://gdpay.com/education/ for a number of processing related services While this list is not all inclusive, it provides information on the more common terms.Authorization Fees:Visa APF (Acquiring Processing Fee) – The APF applies to all U.S. acquired authorizations on all Visa branded cards. The fee applies to all authorizations

Merchants often go direct to their local bank or to Costco to setup their merchant account. They also may need to setup an Authorize.net payment gateway to either connect to their software or run eCommerce transactions securely.  They typically go directly to Authorize.net to setup their Gateway and they charge the following costs:-  Setup Fee- $99.00-  Monthly Gateway Fee-

Wednesday, June 29, 2011, the Federal Reserve Board issued its final rules implementing Section 1075 of the Dodd–Frank Wall Street Reform and Consumer Protection Act, typically referred to as the “Durbin Amendment.”These rules now define:-  The cap for debit card interchange fees on specific PIN and signature debit cards-  Issuer requirements-  Merchant routing optionsRule #1 –

Visa and MasterCard have set up special Interchange rates for merchants who accept small tickets ($25.00 or under) from their customers. Effective October 15, 2011 Visa has the following Merchant Category Codes (MCC) to be eligible for Visa CPS/Small Ticket Interchange rate. The transaction must be below a certain amount and they differ between Visa and MasterCard. No signature is required

Are you a propane company trying to save money of your merchant account fees?  There is a little known fact that Visa allows a special rate for propane companies. It is called the "Emerging Market" rate where Visa allows for certain types of businesses to qualify for this special rate.  Most propane companies and dealers have never heard of this special rate.  Along with the "Emerging