To calculate your monthly Visa FANF fee, you first need to determine how your business accepts payments. Visa charges FANF differently depending on whether your transactions are swiped, keyed, or a combination of both. Once you know which category applies to you, calculating your monthly fee becomes straightforward.

We have had many clients how they can figure out how much their monthly FANF fee is going to be. In our last post we published a chart breaking down these fees. Calculating your cost is fairly easy if you ONLY swipe cards or ONLY run non swiped cards. (IE: you run all your credit card processing over the phone or internet) If you process credit cards by both swiping them AND keying card numbers in then you will pay a combination of the two costs.

FANF Fees for Swiped Transactions

If you ONLY swipe credit cards you will pay your bill based on the number of locations you have that are using the same federal tax ID number. 

Location-Based FANF Fee Table

Number of LocationsFANF Fee Per Location
1$2.00
5$2.90
20$4.00

FANF Fees for Keyed Transactions

If you ONLY key in credit card transactions, your FANF fee will be calculated based on your monthly sales volume.

Examples:

  • If you run $1,500 per month in sales, you will pay a monthly FANF fee of $7.
  • If you run $50,000 in keyed transactions, you will pay a fee of $45.

The higher your volume, the more you pay.

Lets say your business only keys cards. If you run $1500 per month in sales you will pay a monthly Fanf Fee of $7. If you run $50,000 in keyed transactions you will pay a fee of $45. The higher your volume the more you pay.

FANF Fees When You Run Both Swiped and Keyed Transactions

If you run both swiped transactions AND you occasionally key enter cards through the same merchant account, you are going to pay both fees.

Example:
You have 1 business location that runs a total of $50,000 in credit card processing every month. Of this, $6,000 is key-entered transactions.

  • You will pay a $2 FANF fee for your 1 location.
  • In addition, you will pay a $9 fee for your keyed transaction portion.

Your total monthly FANF fee will be $11.

If you need more clarification please refer again to our FANF fee chart or contact us.