Most in-person merchants will qualify for Visa’s CPS Retail rate structure. CPS stands for “Custom Payment Service”. The CPS classification is typically known as the best basic rate structure offered by Visa, and CPS requirements are often the “minimum” qualification requirements for more advanced interchange rates. Read all about CPS here. In a [...]
The “Card-Not-Present” category is for key-entry and E-Commerce Visa sales that meet CPS criteria (including AVS, keying on time, etc). Barring a few exceptions, most merchants are able to receive these interchange rates. Qualifications E-Commerce or Key-enter transaction; If prompted “is card present” answer “no”. Settle within 1 day of shipment date. AVS data is required, [...]