Visa Rent Fees

Visa Rent Fees are available to sellers to charge renters a fee for making payments to qualified landlords under the Visa Rent Program.

Requirements

Through the Visa Rent Payment Program (section 5.8.21 - Visa Rent Payment Program), Visa allows landlords to collect a fee from renters who use their credit or debit cards to pay for rent in an online environment.

Merchants must be registered for the Visa Rent Payment Program (section 5.8.21 - Visa Rent Payment Program) through Finix. To register, reach out to your Finix Point of Contact or Finix Support. Please allow up to 35 days for registration to be completed. Please note each individual Merchant account needs to be registered before charging Rent Fees.

Sellers and your integration must meet these requirements to charge Visa Rent Fees:

• The rent fee needs to be clearly displayed to the buyer before they approve a transaction.
• If the transaction is with a debit card, the rent fees can't be greater than $10.
• If the transaction is with a credit card, the fee needs to follow the same requirements as Surcharge Fees .
• The buyer must be aware of the fee and its purpose before making a payment.
• After the fee gets disclosed, the buyer must have the option to cancel the transaction without any consequences.

The Payment Instrument#card_type field details if a debit (DEBIT) or credit card (CREDIT) was used.

Using the API

Include the rent fee in rent_surcharge_amount when creating a Transfer or an Authorization.

Use rent_surcharge_amount to mark which portion of Transfer#amount is a Rent Fee. See the following for an example where:

• The transaction is for a $10,000 in rent with a Rent Fee of $10.
• The fee is included in tags for tracking purposes.

curl https://finix.sandbox-payments-api.com/transfers \
    -H "Content-Type: application/json" \
    -H 'Finix-Version: 2022-02-01' \
    -u  USsRhsHYZGBPnQw8CByJyEQW:8a14c2f9-d94b-4c72-8f5c-a62908e5b30e \
    -d '
    {
        "additional_buyer_charges": {
            "rent_surcharge_amount": 1000
        },
        "amount": 1001000,
        "currency": "USD",
        "merchant": "MUeDVrf2ahuKc9Eg5TeZugvs",
        "source": "PIe2YvpcjvoVJ6PzoRPBK137",
        "tags": {
            "rent_fee": "1000"
        }