By
In this article, we’re going to focus on Visa and Mastercard interchange categories and their effect on your processing fees. In order to do that, we first need to have a common understanding of the basics. Interchange Basics Refresher In my article on interchange rates and fees, I mention several times that there are many …
By
“Card not present” or CNP refers specifically to any transaction that is not swiped (for magnetic stripe cards), dipped (for EMV chip cards) or tapped (for contactless payment methods like Apple Pay.) If you don’t physically run a card through a machine using one of those methods, the card is considered “card not present.” If …
CPS Car Rental and CPS Hotel – Card Not Present Interchange Read More »
By
We’re also including “CPS Passenger Transport” (such as airlines, cruises, and railways) interchange categories in this article. The reason is that all of these industries fall under “travel and entertainment” and many have the same requirements and rates despite the different business types. These categories only apply to “card present” transactions made with prepaid cards …
CPS Hotel and CPS Car Rental Card Present Interchange Read More »
By
For the purposes of interchange, “international” cards are credit and debit cards issued by a bank located outside of the United States. Visa also sometimes refers to the cards and interchange as “interregional” instead of international. These categories apply to both international credit and debit cards in a “card not present” (CNP) transaction. They do …
By
Interchange fees make up the bulk of total credit card processing costs. The specific interchange category that will apply to any given transaction depends on the card type and other factors. These international card present categories refer to credit cards issued outside the United States, but used in-person at a U.S. business. Many U.S. businesses …
International Card Present Credit – Visa Interchange Read More »
By
Providing level 2 / level 3 data can make a business eligible for enhanced data interchange categories, which carry lower rates and fees than non-enhanced categories. Enhanced data is only available for certain types of commercial card transactions, or B2B payments. It does not apply to consumer transactions. B2B processing and enhanced data are specialty …
Visa Enhanced Data Interchange Rates and Requirements Read More »
By
This category does not represent the lower rates available for enhanced data, which we’ll also explain in this article. Additionally, the category only applies to commercial cards, not consumer cards or prepaid commercial cards. Note: In the past, Visa had more categories under the Commercial Card Not Present umbrella, including corporate, purchasing, and business credit …
By
Sometimes abbreviated “CNP,” card not present refers to any method of accepting a card where the card isn’t swiped, dipped, or tapped to a card terminal. It can include online payments (such as electronic invoices or online shopping carts / checkouts) as well as “keyed” cards where you enter the card details into a secure …
Commercial Debit and Prepaid Card Not Present – Visa Interchange Read More »
