Business or Self-Employed Cost Refunds from the State
(State Refund BSC)
The U.S. Department of Bank Card may grant applicants up to $350,000 through the State Refund Business or Self-Employed Cost Program, which is not to be repaid at the conclusion of the term.
Program overview
Funds of up to $350,000 are available through the State Refund Business or Self-Employed Cost program.
RETURN ON CARD BRAND FEE/ CARD ASSOCIATIONS FEE
DO NOT APPLY TO THE FOLLOWING NON-ASSESSMENT FEES:
VISA FEES:
Credit Assessment, Debit Assessment, International Service Assessment (ISA), International Service Assessment (ISA) – Non-US currency, Transaction Integrity Fee (TIF), Misuse of Authorization Fee, Zero Floor Limit Fee, Zero Dollar Verification Fee, Fixed Acquirer Network Fee (FANF).
MASTER FEES:
Credit/Debit Assessment, Digital Enablement Fee, Cross Border Assessment Fee (Domestic), Cross Border Assessment Fee (Non USD), Network Access and Brand Usage Fee (NABU), AVS Fee (Card-Not-Present), AVS Fee (Card-Present), Merchant Location Fee.
DISCOVER FEES:
Credit/Debit Assessment, International Processing Fee, International Service Fee, Network Authorization Fee.
H3 AMEEX FEES:
Credit/Debit Assessment, International Assessment, Card-Not-Present Surcharge, Non-Compliance Fee.
Who may qualify
The following inflation-affected entities might qualify:
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Self-employed individuals, independent contractors, and sole proprietors
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Any small business that complies with the industry size standard or the alternative size standard for small businesses
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According to section 31(b)(2)(C) of the Small Business Act, any company, 501(c)(3) non-profit organization, 501(c)(19) veterans group, or tribal business concern with at least 100 workers
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If there are more than 100, that satisfies the small business industry size requirement.
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Any company with multiple physical locations and fewer than 100 employees per site that has an NAICS code starting with 72 (Accommodations and Food Services).
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able to show a revenue decline of above 30%.
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Is situated in a low-income neighborhood.
How and when to apply
The terms will be different for each new applicant for a refund processing authorization fee.
To examine the information that will be asked of you when you apply with a credit card processor, click the following U.S. Department of Bank Card application form if you would like to start getting ready for your application.
Apply using your
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Owner's driver's license and business license
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Check for Business Voided
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Statement of Processing