PIN Debit Annual Fees

The PIN networks require payment of an annual PIN debit fee. When the merchant decides to accept PIN debit sales, certain costs will be assessed.

Why Are Pin Debit Annual Fees Required

PIN Debit transactions are processed under separate networks than what Visa/Mastercard/AMEX use. These PIN networks are managed and charged separately for their usage to Card Service Providers.

What Are The Annual Pin Debit Fees

The annual charge varies each PIN debit network and ranges from $8 to $14. Several networks, including PULSE, STAR, Jeanie, NYCE, InterLink, NETS, Shazam, and Accel, collect $80 annual fees for PIN networks.

How Can I Avoid Annual Pin Debit Fees

The merchant can decide not to accept PIN debit sales if they do not want to pay the annual PIN debit fees.

Updated on: 04/10/2023