Sometimes abbreviated “CNP,” card not present refers to any method of accepting a card where the card isn’t swiped, dipped, or tapped to a card terminal. It can include online payments (such as electronic invoices or online shopping carts / checkouts) as well as “keyed” cards where you enter the card details into a secure […]
The commercial debit and commercial prepaid card not present interchange categories determine the interchange fee a business will pay for accepting those card types.
When accepting a credit card, there will be a “target” interchange category for each transaction. But if the transaction doesn’t meet the requirements for that category, it will “downgrade” to a more expensive category. For commercial credit cards, “Standard” is that downgrade. The Commercial Standard downgrade category applies to all commercial cards, including business, corporate, […]
Commercial standard is a set of Visa interchange categories that indicate a business was penalized with more expensive rates to accept certain cards.
You may also see these categories referred to as “interregional” debit. These rates do not apply to international credit cards, which have their own categories. They also do not apply to “card-not-present” transactions of any kind – debit or credit. International Card Present Debit Rates What is regulated debit? International Card Present Debit Criteria Interregional […]
International card present debit interchange categories determine the interchange rates a business will pay when accepting an international debit card in the United States.
These categories do not apply to credit cards of any kind or to consumer debit or prepaid cards. Commercial Card Present – Business Interchange Rates When does Commercial Card Present – Business apply? Regulated vs. Unregulated Debit Debit and Prepaid Downgrades Abbreviations and Aliases Commercial Card Present – Business Interchange Rates There are three categories, […]
“Commercial Card Present – Business” refers to interchange categories that determine the interchange fee a business will pay when accepting a business debit or business prepaid credit card in person.
These categories do not apply to commercial debit or prepaid cards, nor to “card not present” transactions. (Including online commercial card use and keyed commercial cards.) Commercial Card Definition Visa Commercial Card Retail Rates Rates for Purchasing and Corporate – Travel Commercial Card Retail Interchange Qualification Card Present Commercial Credit Card Meets CPS Criteria Does […]
Commercial Card Retail is the first part of several Visa interchange categories that determine the fee a business will pay for accepting a corporate / business credit card in person.
Standard is the most expensive possible interchange category for consumer cards. It means that you paid the maximum to process that transaction. Seeing a lot of “Standard” or abbreviations like “CONS STND” on your monthly processing statements? That indicates a problem with your transaction process. If you’re a CardFellow member, give us a call for […]
“Standard” is the second (and more expensive) of two “downgrade” interchange categories. It indicates that a business paid a “penalty” rate due to not meeting criteria for lower cost interchange categories.
The “CNP” stands for “card not present,” which tells you that these categories do not apply to transactions where you swipe a customer’s card. (It also does not apply to digital wallet payments – like Apple Pay – where a customer “taps” a phone or smart watch to a compatible credit card machine. Those payments […]
CPS / CNP prepaid is part of several interchange categories that dictate the fees a business will pay when accepting a Visa prepaid card online or by keying the card number into a machine.
Contrary to popular belief, debit cards do not incur flat fees. You’ll be charged a percentage of the total and a per-transaction fee, just like with credit cards. However, card-not-present (CNP) debit has more possible interchange categories. There are technically ten interchange categories for Visa CNP debit, but five of them are simply the “regulated […]
When a business accepts a Visa debit card online or by keying in card details, it will pay one of the Visa “card not present” debit rates.
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