- Interchange: 0.00% + $1.50
Utility Business is the Visa Interchange Rate for a Visa Business 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.
- Registration is required and the assigned MVV value must be passed to Visa in the settlement record.
- Must be Visa Business card.
- Must also include sales tax and customer code.