Banking
Card Scheme Assessment Fee Paid (Visa / Mastercard)
Paying quarterly assessment fees to Visa or Mastercard for participation in their payment network.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Card Scheme Assessment Fees (Expense) | Expense (+) | 25,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 25,000.00 |
💡 Accountant's Note
Visa and Mastercard charge member banks assessment fees based on transaction volumes. These are a direct cost of operating a card business and are typically reported net against interchange income.
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