Credit Card Processing

Visa EIRF

by

May 09, 2018

EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates.

Interchange rate & fee: 2.30% + $0.10

Also known as:
EIRF

Electronic Interchange Reimbursement fee, or EIRF, is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates. For example, a transaction that is keyed-in to a terminal without address verification information instead of being swiped may fall into the EIRF category. Call your processor if you see a lot of EIRF transactions on your statement because it’s a good indication that something is not being processed correctly.

Qualification criteria:
The EIRF interchange category does not apply to the following MCCs:

·       5962 (Direct Marketing – Travel)

·       5966 (Direct Marketing – Outbound)

·       5967 (Direct Marketing – Inbound)

Typical bundled qualification:
EIRF is generally considered “non-qualified” for all businesses.

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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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