The Program: As previously communicated in both the Fall 2016 and Winter 2017 editions of the Vantiv Omni Merchant Network Updates Newsletters, MasterCard is establishing a new per-merchant location fee.
The Change: The fee will be based on the merchant’s fourth quarter total number of merchant locations with at least one MasterCard transaction. Location counts will be determined based on physical locations and/or website (for eCommerce).
The Impact: Please refer to the information below to identify billing amounts and frequency by merchant type.
FEBRUARY 2017 UPDATE ** 2016 Annual Merchant Location Fee ** FEBRUARY 2017 UPDATE
Please note the 2016 annual merchant location fee will now be assessed in late-March 2017 – versus the previously announced early-February 2017 – and will be based on the total number of merchant locations with at least one MasterCard transaction in the fourth quarter. The merchant location fee will be $15.00 per merchant location and $3.00 per payment facilitator merchant location. For 2016 only, MasterCard will charge 50 percent of the total fee amount calculated.
If you have any questions, please contact your Vantiv eCommerce merchant or partner relationship manager.