Category: Visa Interchange Rates

Visa Rate Changes

March 25, 2020/0/0/

UPDATE:  Visa had provided new guidance that the below changes will now be implemented on July 17, 2020.  Click here for more details.   Visa is announcing updates to U.S. credit interchange rates and related modifications that will be effective on Central Processing Date (CPD) 18 April 2020 and CPD 17 October 2020.  Please see […]

Base Card Types, Electronic Interchange Re-Imbursement Fee (EIRF), Interchange Intelligence, Standard Interchange Re-Imbursement Fee (Standard), Visa Interchange Rates

Here Is How to Make the Best Possible Checkout Experience for Your Customers

July 16, 2019/0/1/

A customer’s checkout experience is crucial. No matter how good the service was—or how much the customer ended up buying—if there is a breakdown during the checkout process, that’s the only thing that will likely be remembered. In today’s marketplace, it is more important than ever to have a frictionless customer experience or you will [...]

Credit Cards, Payment Processing, Payment Processing, Rewards Card Types

Utility Debit Regulated

February 17, 2016/0/0/

Interchange: 0.05% + $0.22 Regulated Debit Interchange is the Visa Interchange Rate set by the Federal Reserve capping Interchange Fees charged by US credit card issuing banks with over $10 billion in assets. Transaction is on a Visa Debit card issued by a US bank with over $10 billion in assets. Change History: Introduced October […]

Base Card Types

Utility Debit

February 17, 2016/0/0/

Interchange: 0.00% + $0.75 Utility Debit is the Visa Interchange Rate for debit card transaction accepted by a registered utility. Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from a 4900 sic code. Registration is […]

Base Card Types

CPS Charity

February 17, 2016/0/0/

CPS Charity Interchange: 1.35% + $0.05 CPS Charity is the Visa Interchange Rate for card not present credit transactions accepted at a Charitable or Social Services merchant location. Change History: Introduced in October 2011 Visa Interchange Schedule Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, […]

Base Card Types

Utility

February 17, 2016/0/0/

Interchange: 0.00% + $0.75 Utility is the Visa Interchange Rate for a base card type credit transaction accepted by a registered utility. Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from a 4900 sic code. […]

Base Card Types

CPS/Retail 2 Card Not Present Prepaid

February 17, 2016/0/0/

Interchange: 0.65% + $0.15 CPS/Retail 2 Card Not Present Prepaid is the Visa Interchange Rate for a card not present prepaid card transaction at a retail 2 merchant location. Change History: Introduced October 2011 Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data […]

Base Card Types

CPS/Retail 2 Card Not Present Debit Regulated

February 17, 2016/0/0/

Interchange: 0.05% + $0.22 Regulated Debit Interchange is the Visa Interchange Rate set by the Federal Reserve capping Interchange Fees charged by US credit card issuing banks with over $10 billion in assets. Transaction is on a Visa Debit card issued by a US bank with over $10 billion in assets. Change History: Introduced October […]

Base Card Types

CPS/Retail 2 Card Not Present Debit

February 17, 2016/0/0/

Interchange: 0.65% + $0.15 CPS/Retail 2 Card Not Present Debit is the Visa Interchange rate for a base card type card not present debit transaction. Change History: 0.80% + $0.25 April 2011 Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in […]

Base Card Types

CPS/Retail 2 Card Present Prepaid

February 17, 2016/0/0/

Interchange: 0.65% + $0.15 CPS/Retail 2 Card Present Prepaid is the Visa Interchange Fee for a card present prepaid transaction accepted at a retail 2 merchant location. Change History: Introduced October 2011 Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in […]

Base Card Types