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Visa’s CPS Retail 2 is an interchange category used to calculate interchange fees for transactions involving a credit card for certain business types, defined by Merchant Category Codes.
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Signature Preferred Card Not Present or CNP is a Visa interchange category used to determine the fee for transactions that take place with the credit card not present at businesses other than travel services.
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Visa’s CPS Small Ticket category determines the interchange cost for card-present transactions that are $15 or less.
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“CPS Restaurant” is the beginning part of several fee categories that relate to what restaurants will pay to accept Visa consumer debit and prepaid cards.
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CPS Retail 2 Card Not Present is a Visa interchange category that is used to calculate interchange fees for transactions involving a debit or prepaid card for some businesses that accept cards in a manner other than swiping.
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There’s nothing quite like guaranteed money for your business. Whether you’re selling software as a service, subscription boxes, retainer agreements, or monthly product deliveries, recurring payments are essential to many businesses.
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By now, you’ve probably heard of Square, the company behind the small white credit card reader that attaches to smartphones. Since the days when the company paved the way on smartphone processing, it has had many competitors, including FreshBooks.
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You probably already know Square as one of the most popular choices for taking credit cards using a smartphone. The Square POS system is also an increasingly common choice for in-store payments, especially for businesses with smaller transactions, like coffee shops. But what about online payments?
