Visa Rate Changes

UPDATE:  Visa had provided new guidance that the below changes will now be implemented on July 17, 2020.  Click here for more details.   Visa is announcing updates to U.S. credit interchange rates and related modifications that will be effective on Central Processing Date (CPD) 18 April 2020 and CPD 17 October 2020.  Please see…

Utility Debit Regulated

Interchange: 0.05% + $0.22 Regulated Debit Interchange is the Visa Interchange Rate set by the Federal Reserve capping Interchange Fees charged by US credit card issuing banks with over $10 billion in assets. Transaction is on a Visa Debit card issued by a US bank with over $10 billion in assets. Change History: Introduced October…

Utility Debit

Interchange: 0.00% + $0.75 Utility Debit is the Visa Interchange Rate for debit card transaction accepted by a registered utility. Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from a 4900 sic code. Registration is…

CPS Charity

CPS Charity Interchange: 1.35% + $0.05 CPS Charity is the Visa Interchange Rate for card not present credit transactions accepted at a Charitable or Social Services merchant location. Change History: Introduced in October 2011 Visa Interchange Schedule Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization,…

Utility

Interchange: 0.00% + $0.75 Utility is the Visa Interchange Rate for a base card type credit transaction accepted by a registered utility. Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from a 4900 sic code.…

CPS/Retail 2 Card Not Present Prepaid

Interchange: 0.65% + $0.15 CPS/Retail 2 Card Not Present Prepaid is the Visa Interchange Rate for a card not present prepaid card transaction at a retail 2 merchant location. Change History: Introduced October 2011 Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data…

CPS/Retail 2 Card Not Present Debit

Interchange: 0.65% + $0.15 CPS/Retail 2 Card Not Present Debit is the Visa Interchange rate for a base card type card not present debit transaction. Change History: 0.80% + $0.25 April 2011 Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in…

CPS/Retail 2 Card Present Prepaid

Interchange: 0.65% + $0.15 CPS/Retail 2 Card Present Prepaid is the Visa Interchange Fee for a card present prepaid transaction accepted at a retail 2 merchant location. Change History: Introduced October 2011 Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in…

CPS/Retail 2 Card Not Present

Interchange: 1.43% + $0.05 CPS/Retail 2 Card Not Present is the Visa Interchange rate for a base card type card not present credit transaction. Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from one of the following…