CPS Rewards 1 and Signature Preferred- Visa Interchange
CPS Rewards and Signature Preferred refer to Visa interchange fees for consumer credit cards that offer rewards (such as cash back or airline miles) for the cardholder.
CPS Rewards and Signature Preferred refer to Visa interchange fees for consumer credit cards that offer rewards (such as cash back or airline miles) for the cardholder.
CPS Rewards 2 and Signature Preferred are Visa interchange categories that determine what a business pays when accepting a “rewards” credit card online or by keying it in.
CPS Retail categories are among the most common Visa interchange rates, as they apply to many basic transactions at retail stores.
CPS card not present categories refer to Visa interchange rates that apply to many basic online and keyed transactions.
When you’re evaluating POS systems, credit card processing is a big factor to consider. Does the point of sale system only work with a specific processor? What are the rates and fees, and are they transparent? Is it flat rate, tiered, or interchange plus pricing, and what is the difference? Most of all, how will credit card processing fees affect my bottom line?
It sounds counter-intuitive, but a savvy business person can get the most competitive pricing for the Authorize.net gateway while paying as little as possible in credit card processing fees by not getting either service directly through Authorize.net.
Effective March 1, 2016, Tennessee became the first state in the nation to pass a law about processing fee disclosures.
The Clover station, a sleek point of sale system available on the Fiserv (formerly First Data) platform, is an increasingly popular choice for businesses that need the functions and features of a full POS system.