CPS Small Ticket is the Visa interchange category that is used to calculate the interchange cost for card-present transactions of $15 or less. It is not necessary to obtain the cardholder’s signature.
Visa’s CPS Small Ticket category determines the interchange cost for card-present transactions that are $15 or less.
CPS Restaurant is the Visa interchange category that is used to calculate the interchange cost for card-present transactions that take place at a restaurant, including fast food businesses.
“CPS Restaurant” is the beginning part of several fee categories that relate to what restaurants will pay to accept Visa consumer debit and prepaid cards.
Interchange downgrades aren’t exactly a fun topic, and they can be a little complicated to explain. However, there are very real costs associated with them, and too many downgrades means throwing money down the drain. Fortunately, downgrades are an avoidable expense. The issue is that a processor’s expertise is required to recognize and address downgrades. […]
The term “downgrade” gets thrown around a lot in credit card processing, but what does it actually mean?
CPS Rewards 1 is a Visa interchange category that is used to calculate the interchange fee for swiped transactions involving a credit card that produces rewards for the cardholder, such as cash back, or airline miles.
CPS Rewards and Signature Preferred refer to Visa interchange fees for consumer credit cards that offer rewards (such as cash back or airline miles) for the cardholder.
CPS Rewards 2 is the Visa interchange category that is used to calculate the interchange fee for card-not-present transactions and keyed card-present transactions involving a credit card or regulated debit card that produces rewards for the cardholder, such as cash back, or airline miles.
CPS Rewards 2 and Signature Preferred are Visa interchange categories that determine what a business pays when accepting a “rewards” credit card online or by keying it in.
CPS Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions when a traditional consumer credit card (instead of rewards, business or government cards) is used and the customer’s signature is obtained.
CPS Retail categories are among the most common Visa interchange rates, as they apply to many basic transactions at retail stores.
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.
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.
The CPS Card Not Present interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a traditional consumer credit card (instead of rewards, business or government cards) taken by mail or over the phone.
CPS card not present categories refer to Visa interchange rates that apply to many basic online and keyed transactions.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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