• Interchange: 1.70% + $0.15

CPS Hotel/Car Rental is the Visa Interchange rate for a card not present debit transaction accepted at a Hotel/Car Rental merchant location.

Change History:

  • Introduced April 2012

Primary Qualifications:

  • Cardholder and card present, signature obtained, incremental electronic authorizations permitted
  • Original authorization must include expected duration of stay/car rental
  • Read & transmit complete magnetic stripe, (key entered transactions with the Preferred Customer indicator included in the auth request)
  • Folio/car rental agreement number required in clearing data
  • Settled amount must be within 15% of total amount authorized
  • Transaction date must be check out/car return date
  • Transaction settled within 1 day of check out
  • Authorization response data included in settled transaction.