Note that in the past, Visa has had two categories for commercial level 2 cards - one for corporate cards and one for purchasing cards. As of 2023, Visa's published interchange table shows one consolidated category - commercial level II. Interchange rate & fee: 2.50% + $0.10 Also known as: US CORP L2 Commercial Level II (also known as US COR...

Interchange rate & fee: 2.65% + $0.10 Also known as: COMM CNP B The Business Card – Card Not Present (or COMM CNP B) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. The transaction takes place by p...

The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. This interchange category has several rates associated, depending on the " spend tier" associated. Interchange rat...

In the past, Visa has maintained two categories for commercial level II - one for purchasing cards and one for corporate cards. As of this update in 2023, Visa's published interchange table shows one consolidated category - Commercial Level II - for both card types. Rate & fee: 2.50% + $0.10 Also known as: US COMM L2 P Commercial Level II (U...

In Visa's published interchange table as of summer 2023, this category shares a generic name (Commercial Card Not Present) with purchasing cards. Previously, the categories had two different, if similar, names - Corporate Card Not Present and Purchasing Card Not Present. Now, they simply share the name Commercial Card Not Present. You may still see...

How is it possible that American Express cards costs cost less than ever to accept, but businesses aren’t paying less? The answer is pretty simple: credit card processors are pocketing the difference. Amex Introduces “OptBlue” In early 2015, American Express decided to tackle two big problems: a reputation among businesses as the “expensive...

The company, once part of eBay, originated as a ‘middle man’ between online sellers and buyers, offering protection. A buyer didn’t have to hand over their credit card information directly to a seller, and both buyer and seller would have a neutral third party to mediate any problems. Since its beginnings almost 20 years ago, PayPal has expanded...

More people use credit cards for payments and mobile phones are becoming a popular consumer payment option as well. Apple, Android, Samsung, and Chase all offer ways for customers to use their smartphones for payments, and new services are popping up all the time. So what’s the difference between EMV and NFC, and why should you care? Read on ...

Note: As of summer 2023, the Retail 2 Card Present interchange category is no longer listed in Visa's published interchange table. We're leaving this article here for historical purposes, but it will not longer be updated, as Visa is not using the Retail 2 Card Present category anymore. At this time, Retail 2 Card Not Present is still in use for de...

Note: As of 2023, Visa is no longer using Signature Preferred Card Not Present as an interchange category itself, and it is no longer listed in the published interchange schedule. We're leaving this article for historical purposes, but will not be updating it since this category no longer exists as named.   Interchange rate & fee: 2.40% ...