CPS Rewards 2 is the Visa interchange category that is used to calculate fees for card-not-present transactions involving a rewards credit card or regulated debit card.
Interchange rate & fee: 1.95% + $0.10
Also known as:
CPS Rewards 2 is the Visa interchange category that is used to calculate the interchange fee for card-not-present transactions and keyed card-present transactions involving a credit card or regulated debit card that produces rewards for the cardholder, such as cash back, or airline miles.
The CPS Rewards 2 interchange category will apply under the following condition:
- The transaction qualifies for one of the following Visa CPS programs: Card Not Present, E-Commerce Basic, Retail Key Entry
Typical bundled qualification:
Although qualifications for transactions vary, many processors class the CPS Rewards 2 interchange category as “non-qualified” for transactions processed by card-present and card-not present businesses.