Interchange Fees
Visa CPS/Restaurant
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CPS Restaurant is the Visa interchange category that is used to calculate the interchange cost for card-present transactions that take place at a restaurant, including fast food businesses.
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Interchange Fees
CPS/Retail Credit – Visa Consumer Interchange
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CPS Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions when a traditional consumer credit card (instead of rewards, business or government cards) is used and the customer’s signature is obtained.
Interchange Fees
CPS Rewards 1 and Signature Preferred- Visa Interchange
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CPS Rewards 1 is a Visa interchange category that is used to calculate the interchange fee for swiped transactions involving a credit card that produces rewards for the cardholder, such as cash back, or airline miles.
Interchange Fees
CPS/Card Not Present – Visa Consumer Credit Interchange
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The CPS Card Not Present interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a traditional consumer credit card (instead of rewards, business or government cards) taken by mail or over the phone.
Interchange Fees
Mastercard Merit III Credit Card Processing Fees
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Merit 3 is Mastercard’s way of referring to a card-present transaction for most restaurants and retailers. It can actually apply to several different interchange categories based on card type and other details. It does not apply to card-not-present transactions, which will typically qualify for Merit I interchange rates. This article explains specific Mastercard interchange categories. …
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Credit Card Processing
Understanding American Express Merchant Services
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There’s a lot of confusion about American Express merchant services. We regularly field questions about discount rates, pricing models, and settlement. In this article, we’ll explain everything you need to know about accepting American Express at a business. Just looking to see costs to take Amex cards? For the most up-to-date pricing, use our free …
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Credit Card Processing
Interchange Rates and Fees
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Often shortened from “interchange reimbursement fees,” interchange refers to a set of categories that are used to determine the rates for individual card transactions. Every category has requirements for eligibility and a rate associated. Those rates change at the card brands’ discretion, typically twice a year. Interchange can be a complex topic. For the purposes …