Interchange Fees

CPS Retail Debit and Prepaid – Visa Interchange

The CPS Retail Debit and Prepaid interchange categories are largely the same as CPS Retail. The difference is the card type. CPS Retail applies to consumer non-rewards credit cards, while CPS Retail Debit and CPS Retail Prepaid apply to debit and prepaid cards, respectively. Furthermore, the debit categories only apply to signature debit. (Sometimes called…

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The terms “CPS Retail Debit” and “CPS Retail Prepaid” refer to Visa interchange categories that dictate part of the fee that businesses pay for certain debit and prepaid transactions.

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Credit Card Processing

Visa Claims Resolution Fees and Explanations

VCR may result in some new fees if you incur a chargeback. In late 2018 or early 2019, you may have seen a notice on your processing statement about upcoming VCR charges. For example, some businesses saw this explanation: Visa recently announced they are delaying the time-based dispute response and acceptance fees associated with Visa…

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Visa Claims Resolution (VCR) is a chargeback management system that Visa rolled out in 2018. It’s designed to streamline Visa’s chargeback process.

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Credit Card Processing

What Happens When You Get a Chargeback

When you disagree that a chargeback is warranted, you’ll need to fight that chargeback through your credit card processor. However, processors each have their own methods for notifying you of chargebacks and for requesting documentation to support your claim. In this article, we’ll go over what to expect when you receive a chargeback so that…

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Most businesses deal with a chargeback at some point. When a customer is not satisfied with a purchase, they dispute that purchase through their credit card issuer, asking for the money to be refunded.

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Credit Card Processing

Visa Zero Floor Limit Fee

The fee basically acts as a penalty for submitting a transaction for settlement without first submitting it for proper authorization. As of 2018, Visa sets the zero floor limit fee at $0.20. Visa Assessment Fees The Zero Floor Limit Fee Finding the Fee on Your Statement Lowering Visa Costs at Your Business Visa Assessment Fees…

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The Zero Floor Limit fee applies to transactions without a previously approved authorization.

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Credit Card Processing

Visa’s Zero Dollar Verification Fee

When you properly verify information, the zero dollar verification fee will apply and the misuse of authorization fee will not. Visa Assessments The Zero Dollar Verification Fee Information You Can Verify Locating the Fee on Statements Lowering Costs to Take Credit Cards Comparing Markups Visa Assessments When you accept Visa cards at your business, Visa…

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The Zero Dollar Verification Fee is a small charge (called an assessment) that Visa imposes when your business verifies cardholder information without actually charging the card.

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Credit Card Processing

Visa’s Base II System File Transmission Fee

The System File Transmission Fee applies every time you take a Visa card. Transactions can (and often do) incur more than one assessment fee. For example, you may frequently see the System File Transmission Fee along with the Acquirer Processing Fee. Visa’s Assessments Base II Transmission Fee Locating the System File Transmission Fee Visa’s Assessments…

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The Visa System File Transmission Fee, also called the Base II Transmission Fee or Base II System Fee, is an assessment fee that Visa charges.

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Credit Card Processing

Visa’s Misuse of Authorization Fee

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a…

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The Misuse of Authorization Fee is an assessment charge that Visa imposes on transactions that don’t follow proper authorization procedures.

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Credit Card Processing

Visa’s Base II Credit Voucher Fee

Technically, there are two of these fees: the credit voucher fee and the Base II Credit Voucher Fee. The difference is that the Base II Credit Voucher Fee applies to US-based transactions. From there, the fee is split into Credit Voucher Fee (Debit), Credit Voucher Fee (Credit), Base II Credit Voucher Fee (Debit), and Base…

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Visa’s Base II Credit Voucher Fee is an assessment fee that Visa charges when your business refunds a customer’s money.  There are separate fees for credit and debit.

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