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.
Interchange Fees
Interchange fees make up the bulk of total credit card processing costs. The specific interchange category that will apply to any given transaction depends on the card type and other factors. These international card present categories refer to credit cards issued outside the United States, but used in-person at a U.S. business. Many U.S. businesses […]
Visa’s international card present credit interchange categories dictate the interchange fees a business will pay to accept an international credit card at a business in the U.S.
Interchange Fees
Providing level 2 / level 3 data can make a business eligible for enhanced data interchange categories, which carry lower rates and fees than non-enhanced categories. Enhanced data is only available for certain types of commercial card transactions, or B2B payments. It does not apply to consumer transactions. B2B processing and enhanced data are specialty […]
Enhanced data (also sometimes called level 2 or level 3 data) refers to information provided with a credit card transaction that goes beyond the basic details.
Interchange Fees
This category does not represent the lower rates available for enhanced data, which we’ll also explain in this article. Additionally, the category only applies to commercial cards, not consumer cards or prepaid commercial cards. Note: In the past, Visa had more categories under the Commercial Card Not Present umbrella, including corporate, purchasing, and business credit […]
Commercial card not present interchange refers to an interchange category that determines the fee a business will pay for accepting commercial credit cards online or by keying in the transaction information.
Interchange Fees
Sometimes abbreviated “CNP,” card not present refers to any method of accepting a card where the card isn’t swiped, dipped, or tapped to a card terminal. It can include online payments (such as electronic invoices or online shopping carts / checkouts) as well as “keyed” cards where you enter the card details into a secure […]
The commercial debit and commercial prepaid card not present interchange categories determine the interchange fee a business will pay for accepting those card types.
Interchange Fees
In the past, Visa Commercial Standard meant that when a commercial card was used but it didn’t meet criteria for its “target” interchange category, it “downgraded” to a more expensive category. For commercial credit cards, “Standard” was that downgrade. However, at this point, the only Commercial Standard category applies to international cards. So what happened […]
Commercial Standard previously referred to a Visa interchange “downgrade” category, but now refers to something else entirely.
Interchange Fees
You may also see these categories referred to as “interregional” debit. These rates do not apply to international credit cards, which have their own categories. They also do not apply to “card-not-present” transactions of any kind – debit or credit. International Card Present Debit Rates What is regulated debit? International Card Present Debit Criteria Interregional […]
International card present debit interchange categories determine the interchange rates a business will pay when accepting an international debit card in the United States.
Interchange Fees
These categories do not apply to credit cards of any kind or to consumer debit or prepaid cards. Commercial Card Present – Business Interchange Rates When does Commercial Card Present – Business apply? Regulated vs. Unregulated Debit Debit and Prepaid Downgrades Abbreviations and Aliases Commercial Card Present – Business Interchange Rates There are two categories, […]
“Commercial Card Present – Business” refers to interchange categories that determine the interchange fee a business will pay when accepting a business debit or business prepaid credit card in person.
Interchange Fees
Note: As of this update in 2023, Visa no longer uses the commercial card retail categories noted here. They have been eliminated or merged / renamed. We’re leaving this article up for historical purposes, but it will no longer be updated. These categories do not apply to commercial debit or prepaid cards, nor to […]
Commercial Card Retail is the first part of several Visa interchange categories that determine the fee a business will pay for accepting a corporate / business credit card in person.
