Menu

Visa Introduces LAC Settlement Fees

Oct. 30, 2017

 

Visa assesses settlement fees specific to transaction activity originating in the Latin America Caribbean (LAC) region. Transactions originating from accounts issued in the LAC region at merchant locations in the LAC region will be assessed fees based on Visa’s tiered domestic fee structure (Example: the first 250,000 transactions will be assessed at $0.0062, the next 250,000 transactions will be assessed at $0.0055, etc.). Transactions originating from cards issued outside of the LAC region at merchant locations in the LAC region will be assessed the fee based on Visa’s international fee structure.

Monthly Transaction Tier LAC Domestic Settlement Fee LAC International Settlement Fee
0 – 250,000 $0.0062 $0.15
250,001 – 500,000 $0.0055
500,001 – 750,000 $0.0047
750,001 – 1,000,000 $0.0039
1,000,001 + $0.0032

 

Effective December 1, 2017, the Visa LAC Settlement Fees will be assessed on your services invoice with the following descriptions: VS LAC DOMESTIC SETTLE FEE and VS LAC INTERNATIONAL SETTLE FEE.

 

Get advantages for your business now