PayPal Fall 2025 Release Guide Details Visa Fee Increases and Program Updates

What changed: PayPal published its Fall 2025 Release Guide on December 11, 2025, outlining key updates from Visa effective October 2025 and beyond. The guide notes that while many updates require no action, some can require integration changes, fee impacts, or forced adoption of services. Visa's Acquirer Monitoring Program (VAMP) introduces new fraud and dispute thresholds and a fine structure, with fines starting October 1, 2025. Visa Secure Credential Framework updates in the EU increase fees for using PAN instead of tokens or 3DS, raising the behavior fee from 2.5 bps to 7.5 bps. Visa's Commercial Enhanced Data Program (CEDP) in the US introduces a 5 bps program fee when the CEDP flag is present. Visa increases fees for non-domestic settlement currency in the US, Canada, and other regions, effective April 1, 2026. Visa's Acquirer Monitoring Program (VAMP) consolidates previous European programs (VDMP and VFMP) as of April 1, 2025. Tokenization is replacing a card or bank account number with a stand-in value (a token) that has no value if stolen, defined by EMVCo for cards and by ISO 20022 for account tokens. Interchange is the wholesale fee paid by a merchant's acquirer to the cardholder's issuing bank on each card transaction, set by the card network. Chargeback is a forced reversal of a card sale initiated by the cardholder's issuing bank, governed by network rules from Visa, Mastercard, Amex, or Discover. PayPal published the Fall 2025 Release Guide on December 11, 2025, detailing network updates from Visa that introduce fee changes and program updates.