Tag: interchange


Credit Card Processing

Visa Business Card Level II Data Rate

Ben Dwyer
by Ben Dwyer

The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. This interchange category has several rates associated, depending on the ” spend tier” associated. Interchange rate & fee […]

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Visa’s Business Card Level II (US COMM L2) is an interchange category used to calculate the interchange fee for card-not-present transactions made with a business credit card.

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Credit Card Processing, Uncategorized

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

Ben Dwyer
by Ben Dwyer

Purchasing Card Level II (US COMM L2 P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card instead of a consumer credit card.

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Commercial Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card.

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Credit Card Processing

Visa Corporate Card Not Present

Ben Dwyer
by Ben Dwyer

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.

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Visa’s Commercial Card Not Present interchange category refers to card-not-present transactions made with a corporate credit card instead of a consumer credit card.

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Interchange Fees

Visa EIRF: Electronic Interchange Reimbursement Fee

Ben Dwyer
by Ben Dwyer

EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates. For example, a transaction that is keyed-in to a terminal without address verification information instead of being swiped may fall into the EIRF category.

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Electronic Interchange Reimbursement Fee (EIRF) is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates.

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Interchange Fees

Visa CPS Supermarket Interchange

Ben Dwyer
by Ben Dwyer

CPS Supermarket is an interchange category used to determine the fee for Visa cards used at grocery stores when the card is present and a customer’s signature is obtained.

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CPS Supermarket is an interchange category used to determine the fee for Visa cards used at grocery stores when the card is present and a customer’s signature is obtained.

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Credit Card Processing

Visa CPS/Retail 2 Card Present

Ben Dwyer
by Ben Dwyer

CPS Retail 2 is a Visa interchange category that is used to calculate interchange fees for transactions involving a credit card for certain business types, defined by Merchant Category Codes below.

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Visa’s CPS Retail 2 is an interchange category used to calculate interchange fees for transactions involving a credit card for certain business types, defined by Merchant Category Codes.

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Credit Card Processing

Visa Signature Preferred Card Not Present

Ben Dwyer
by Ben Dwyer

Signature Preferred Card Not Present or CNP is a Visa interchange category used to determine the fee for transactions that take place with the credit card not present at businesses other than travel services.

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Signature Preferred Card Not Present or CNP is a Visa interchange category used to determine the fee for transactions that take place with the credit card not present at businesses other than travel services.

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Credit Card Processing

Visa CPS/Retail 2 Card Not Present

Ben Dwyer
by Ben Dwyer

CPS Retail 2 is a Visa interchange category that is used to calculate interchange fees for transactions involving a credit card for certain business types.

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CPS Retail 2 Card Not Present is a Visa interchange category that is used to calculate interchange fees for transactions involving a debit or prepaid card for some businesses that accept cards in a manner other than swiping.

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