In the past, the category had subcategories for credit, debit, and prepaid cards. As of 2023, there are only subcategories for debit and prepaid cards. Interchange rate & fee (debit): 1.55% + $0.04* Interchange rate & fee (prepaid): 1.60% + $0.05 *Note that this fee only applies to unregulated debit transactions. Regulated debit transactions (transactions involving a debit card issued by a bank with $10 billion or more in assets) are capped at the interchange level, receiving a rate & fee of 0.05% + $0.22. Also known as: Small Ticket CPS Small Ticket is the Visa interchange category that is used to calculate the interchange cost for card-present transactions of $15 or less. It is not necessary to obtain the cardholder’s signature. Qualification criteria: The CPS Retail interchange category will apply under the following conditions:
- The card is present at the time of the transaction
- The total is $15 or less
- The card is swiped (magnetic strip cards) or dipped (EMV chip cards)
- The transaction is settled within 48 hours
- The cardholder ID method must not be equal to “4”
- Restaurant (MCC 5812 and 5814) transactions are allowed if the amount is less than $15 and the transaction is submitted with a valid MVV for a Retail Performance Credit program.
Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. As he learned more about the inner‐workings of the industry, rampant unethical practices, and lack of assistance available to businesses, he cut ties with his employer and started a blog where he could post accurate information about credit card processing. As the blog gained in popularity, Ben began directly assisting merchants in their search for a processor. Ben believes in empowering businesses by providing access to fair, competitive pricing, accurate information, and continued support. His dedication to transparency and education has made CardFellow a staunch small business advocate in the credit card processing industry.
