Authorization and Settlement Fee per Transaction: Authorization and settlement fees are charged to issuers and acquirers for the authorization process that Visa performs for each transactions.
Visa earns data processing revenues from the authorization, clearing, settlement, transaction processing services and other maintenance and support services that facilitate transaction and information processing among customers globally and Visa Europe.
It also facilitates the many other currency features that are so important to users, but not to governments, such as unrestricted person-to-person payments, user-defined anonymity and untraceability, near-immediate bearer settlement, transaction irreversibility, reliable store of value, multi-grid capable, and decentralized processing.