Credit Card Processing

Visa Rewards 2

by Ben Dwyer

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:
REWARDS 2

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.

Qualification criteria:
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.

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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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