New Visa fees – One more reason to switch to 2-step payment flow

Industry

24 Aug 2023

2 min

A Visa card and dollar icon illustrate card settlement cycles, with "settle_interval" label referencing new Visa payment fee policies.

Andrii Kononenko

Head of Merchant Operations, Solidgate

Simpler settlement, reduced errors, and financial protection - discover how Solidgate’s 2-step payment flow keeps transactions compliant and fee-free.

Visa introduced Processing Integrity Program fees in Europe, effective July 2023. These fees will be applied to transactions that do not comply with the required processing integrity standards.

We at Solidgate value your convenience and savings. By transitioning to a secure 2-step payment flow, you can not only simplify your transaction process but also avoid the new Visa fees. The switch from the 1-step flow ensures smoother transactions while safeguarding your financial interests.

New processing integrity program fees

Visa’s Processing Integrity Program is designed to uphold two fundamental principles: the necessity of authorization and the clearance (or reversal) of approved authorizations. This program serves as a crucial safeguard against issues like erroneous authorizations and force-post transactions that can impact cardholders. The following fees will be assessed for domestic and international transactions that are not authorized, reversed, or cleared as required:

Table listing Visa Processing Integrity Program fees for authorization, clearing, and returns, effective rates per transaction for 2023–2024.

Avoid the new fees with a 2-step payment flow

If you use Solidgate’s

auto-settle

feature:

it is required to send us the settle_interval parameter in each payment request with type: auth
it is necessary to manually initiate the settlement process, if you send a settle_interval with null
you may initiate a partial settlement before the time interval expires, which will automatically void the remaining hold amount
it is necessary to monitor order status to be sure the order is successfully settled settle_ok and void orders that are not settled after the time interval expires

If you don’t use the auto-settle feature:

submit money capturing exclusively for valid orders with the auth_ok statuses through the
settle operation
always promptly cancel mistaken money holds on users’ accounts using the
void operation
monitor order status to be sure the order is successfully settled and void orders with auth_ok status that are not settled

We encourage you to

switch to the 2-step payment flow

if you haven’t done so yet.

Always secure authorization before submitting clearing transactions to maintain compliance.
Void authorizations that won’t be cleared within the defined time frame to prevent potential issues.
Process reversals for cardholder-canceled transactions and erroneous authorizations promptly.

This transition not only shields you from unnecessary expenses but also ensures a smoother, more secure transaction experience.

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