CPS/Retail Credit – Visa Consumer Interchange
CPS Retail categories are among the most common Visa interchange rates, as they apply to many basic transactions at retail stores.
CPS Retail categories are among the most common Visa interchange rates, as they apply to many basic transactions at retail stores.
CPS Rewards and Signature Preferred refer to Visa interchange fees for consumer credit cards that offer rewards (such as cash back or airline miles) for the cardholder.
CPS card not present categories refer to Visa interchange rates that apply to many basic online and keyed transactions.
Merit 3 (or Merit III) is a Mastercard interchange category that determines credit and debit card processing fees.
In the past, American Express was the most expensive credit card to accept; a reputation that it hasn’t shaken despite introducing a new pricing structure to bring costs more in line with other card brands.
Accepting credit cards at a business comes with costs. The largest portion of the costs is known as interchange.