CPS Hotel/Car Rental Prepaid

February 17, 2016/0/0

  • Interchange: 1.75% + $0.20

CPS Hotel/Car Rental Prepaid is the Visa Interchange Fee for a prepaid card transaction at a Hotel or Car Rental merchant location.

Change History: Introduced October 2011

Primary Qualifications:

  • Cardholder and card present, signature obtained, incremental electronic authorizations permitted
  • Original authorization must include expected duration of stay/car rental
  • Read & transmit complete magnetic stripe, (key entered transactions with the Preferred Customer indicator included in the auth request)
  • Folio/car rental agreement number required in clearing data
  • Settled amount must be within 15% of total amount authorized
  • Transaction date must be check out/car return date
  • Transaction settled within 1 day of check out
  • Authorization response data included in settled transaction.