For example, an interchange plus quote of 0.25% plus a $0.10 authorization fee looks pretty competit

The pos-wats fee is a credit card transaction fee that is often charged in addition to other transaction fees such as authorization fees, return fees, and AVS fees. This is what gives the pos-wats fee the potential to make quite an impact on a business's credit card processing fees .
For example, an interchange plus quote of 0.25% plus a $0.10 authorization fee looks pretty competitive at first glance. However, the processor can effectively double the transaction fee by burying a pos wats fee of $0.10 in the fine print.
Since the pos wats fee is charged each time the business's credit card machine calls the processor's toll-free 800 number, it will be assessed t10 along with any additional transaction fees. In this case, the processor will charge $0.10 per transaction as an authorization fee and another $0.10 per transaction for the pos wats fee for a total of $0.20.
While several processors refer to the communication fee as a wats fee , the exact abbreviation POS-WATS is used by First Data. Being the largest processor in the United States, First Data provides processing services for a number of different companies.
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