Visa Surcharge Compliance Audits |
  
|
Visa Surcharge Compliance Audits |
|
Visa will be performing in-person audits to ensure network compliance for surcharge fees and a minimum transaction amount.
It is important that merchants are compliant with the following network rules or fees may be assessed:
Minimum Transaction Amount
All merchants operating within the US Region or in a US Territory can establish a minimum amount for credit card transactions. However, that minimum transaction amount cannot exceed $10. This rule does not include debit card transactions. Click here for a summary of these rules.
Surcharge Fees
Businesses in the US are permitted to assess surcharge fees on credit card transactions at the point of sale to help offset the cost of processing. However, businesses must adhere to certain rules and limitations regarding surcharges. For additional information, please click here.
Non-Compliance Fees
If merchants are non-compliant, the networks may assess the following fees starting in January 2023:
• First Violation - Warning letter to comply
• Second Violation - $5,000
• Third Violation - $25,000