Frequently Asked QuestionsWhat are assessment fees?

Visa, MasterCard, Discover, Amex charge Assessment fees on all settled credit and debit card volume involving one of their cards. Assessments are one of the ways that the card brands make money on payments made with their cards.

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• What is Payment Processing?
• What are the advantages of accepting credit & debit cards?
• What is a merchant account?
• How do I get an account? What business information is needed to open an account?
• What is Merchant of Record (MOR) and why is it important?
• How long will it take to process my merchant processing application?
• What types of payments can I accept through Ascent?
• What fee payment options does Ascent offer?
• What if my business is not based in the U.S. or Canada?
• Why Ascent?
• Do you have options to help offset credit card fees?
• What are assessment fees?
• What countries does Ascent service?
• What is an Effective Rate?
• What is a MO/TO Transaction?
• What is a Merchant Buying Group?

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