Wells Fargo Merchant Services Rate Increases and Updates

If you’re using Wells Fargo Merchant Services to process payments for your business, you can use this page to stay up to date with all of the latest rate changes and updates.

You can also check out our Wells Fargo Merchant Services review for a deeper dive into these processing services and our experience working with them.

Wells Fargo Processing Rates (2024)

High-volume businesses may be eligible for interchange-plus pricing from Wells Fargo Merchant Services. Otherwise, Wells Fargo offers flat-rate pricing that’s tiered based on monthly processing volume.

Swipe, Dip, and Tap Transactions

• Up to $14,999.99 monthly — 2.60% + $0.15 per transaction
• $15,000 to $39,999.99 monthly — 2.40% + $0.15 per transaction
• $40,000+ monthly — 2.20% + $0.15

Online and Manually Entered Transactions

• Up to $14,999.99 monthly — 3.40% + $0.15 per transaction
• $15,000 to $39,999.99 monthly — 3.20% + $0.15 per transaction
• $40,000+ monthly — 3.10% + $0.15 per transaction

Check out our Wells Fargo Merchant Services review for a deeper dive into these rates and how they stack up against other providers. That page also covers additional fees charged by Wells Fargo beyond the transactional rates. 

Wells Fargo Merchant Services Updates (November 2024)

As of 11/1/2024, Wells Fargo will pass through Visa’s Account Name Inquiry (ANI) fee at the new rate of $0.10. 

Visa actually increased its ANI Fee from $0.05 to $0.10 back in April 2024, but Wells Fargo waited until November to update this pass-through fee for businesses. 

Merchants using Wells Fargo will be able to see this fee online by mid-November from the Payment Network Pass Through Fee Schedule. 

Wells Fargo Merchant Services Updates (October 2024)

Effective October 18, 2024, merchants will see an additional 0.01% fee charged on transactions through the Interlink debit network assessed on POS volume originating from all Visa Business Solutions cards.  

Wells Fargo Merchant Services also sent a notice to merchants to inform them about new Visa categories and interchange rates—specifically for commercial cards and supermarkets, effective October 19, 2024.

New Commercial Choice Select Interchange Program (Visa)

• 2.50% + $0 per transaction for Commercial Choice 107
• 2.75% + $0 per transaction for Commercial Choice 108
• 3.00% + $0 per transaction for Commercial Choice 110

New Small Merchant Supermarket Interchange Program (Visa)

• 1.50% + $0.07 per transaction for Traditional cards
• 1.50% + $0.07 per transaction for Traditional Rewards cards
• 1.65% + $0.07 per transaction for Signature cards
• 2.00% + $0.07 per transaction for Signature Preferred cards
• 1.65% + $0.07 per transaction for Infinite Spend Non-Qualified cards
• 2.00% + $0.07 per transaction for Infinite Spend Qualified cards

Wells Fargo Merchant Services Updates (September 2024)

Effective September 1, 2024, Wells Fargo merchants will be subject to new PIN debit network fee changes from CULIANCE.

The CULIANCE Switch Fee is increasing from $0.035 to $0.045 per transaction for PIN debit and EBT transactions. 

About Wells Fargo Merchant Services

Wells Fargo is one of the most well-recognized banks in the United States. Its merchant services department provides payment processing solutions and POS systems, primarily targeted to small businesses. 

But Wells Fargo doesn’t actually provide payment processing in-house. Wells Fargo Merchant Services is an ISO (Independent Sales Organization) that uses Fiserv to handle its backend processing needs. 

You can read more about Fiserv here, as you’ll find many similarities between this processor and Wells Fargo Merchant Services (since Fiserv is the one processing Wells Fargo’s payments).