Credit Card Processing

Visa CPS/Small Ticket


March 26, 2018

Visa’s CPS Small Ticket category determines the interchange cost for card-present transactions that are $15 or less.

Interchange rate & fee: 1.65% + $0.04

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.

Typical bundled qualification:
Although qualifications for transactions vary by processor, many processors consider the CPS Small Ticket interchange category “qualified” for transactions processed by card-present and card-not present businesses.

Ben Dwyer

BY Ben Dwyer

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.


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