Visa Interchange – Supermarket Credit
Visa’s Supermarket Credit interchange is charged differently depending on two different factors: the type of credit card used and the “tier” of the supermarket.
Visa’s Supermarket Credit interchange is charged differently depending on two different factors: the type of credit card used and the “tier” of the supermarket.
When you accept Discover cards at your business, you’ll pay fees to Discover, called interchange. These rates vary by card type, entry method, and other details.
An interchange “downgrade” happens when a credit card transaction doesn’t meet requirements for a preferred interchange category.
Mastercard’s Universal Cardholder Authentication Field (UCAF) interchange categories determine the interchange fees a business pays if it uses Mastercard SecureCode.
Restaurants that accept Mastercards may see specific restaurant interchange fees or general fees. That’s because Mastercard has restaurant-specific categories for some cards, but not others.
Merit 1 (or Merit I) is a set of Mastercard interchange categories that dictate the rates for certain Mastercard payments.
CPS Car Rental, CPS Hotel, and CPS Passenger Transport are interchange categories that determine the interchange fees a business in one of those industries pays to accept a debit or prepaid card online or by keying it in.
“CPS Hotel” and “CPS Car Rental” are Visa interchange categories that determine the rates and fees a hotel or car rental agency will pay to accept debit or prepaid cards in person.