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Understanding Visa Provisioning Service Charges and Tokenization Fees

"A visa provisioning service charge is a fee assessed by payment networks or financial institutions when a card is tokenized—digitally mapped and added to a mobile wallet like Apple Pay, Google Pay, or Samsung Pay. These charges cover the cryptographic security and authentication required to provision and maintain digital card tokens securely. The rise of digital wallets and card-on-file transactions has changed how consumers pay and how financial institutions process transactions. Behind the convenience of tapping a smartphone at a checkout terminal lies a complex infrastructure of digital issuance, token requestors, and token service provide..."

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