Credit Card Processing

Visa Signature Preferred Retail

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Signature Preferred Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions involving a credit card that produces rewards for the cardholder.

Interchange rate & fee: 2.10% + $0.10

Also known as:
VSP RTL

As noted above, Signature Preferred Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions involving a credit card that produces rewards for the cardholder.

Qualification criteria:
The Signature Preferred Retail interchange category will apply under the following conditions:

  • The business Merchant Category Code (MCC) is a non-travel service
  • The card is used at a U.S.-based business with a U.S. acquirer
  • The transaction qualifies for one of the following Visa CPS programs: Retail, Supermarket, Retail Key Entry, Small Ticket
  • The transaction meets enhanced clearing data requirements
  • Transaction settlement occurs within 72 hours

Typical bundled qualification:
Although qualifications for transactions vary, many processors class the Signature Preferred – Retail 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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