Staged Digital Wallet Fees

However, that is often no longer the case. In March of 2017, Visa announced a staged digital wallet fee that will take effect in April of 2017. This comes well after Mastercard imposed a similar fee in 2013. Visa’s fee can result in higher interchange costs for small businesses. Which wallets does this affect, and …

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Visa Corporate Card Level II Data Rate (Commercial Level II)

Corporate Card Level II (also known as US CORP L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions (including keyed transactions) involving a payment made with a corporate credit card instead of a consumer credit card.

Visa Purchasing Card Not Present

The Commercial Purchasing Card – Card Not Present (or COMM CNP P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a commercial purchasing card instead of a consumer credit card.

Visa Corporate Card Not Present

The Corporate Card – Card Not Present (or COMM CNP C) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a corporate credit card instead of a consumer credit card. The transaction takes place by phone or mail. This category may also apply if a card is not swiped.