Visa has a special rate category specifically designed for nonprofits. Not all nonprofits will qualify – but if you’re classified with the MCC of 8398, or as a “Charity or Social Service” organization, then you’ll qualify for far-reduced interchange rates. Qualifications Only Charitable and Social Service organizations are eligible (MCC [...]
Hotels, Lodging merchants, and auto-rental merchants have special interchange rates from Visa. Because these merchants often take “extended authorizations” where transactions may be altered later on, there are different requirements. Visa allows for a longer authorization time-frame for these merchant types, but you’re required to submit additional information to take [...]
Visa has incredibly low interchange rates for merchants who are classified as a Utility. As these payments are considered “low risk” from a processing perspective, the interchange rates reflect that. You’ll see that many of the rates have no percentage fee, and just a flat, per-transaction fee. Qualifications Must be [...]
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, [...]
To qualify for the below Visa supermarket rates, your business must be classified as a grocery/supermarket, with an MCC of 5411. Below are the basic qualifications, plus you’ll see each type of card that’s eligible for supermarket rates, along with the associated potential downgrade: Qualifications Only supermarkets/grocery stores are eligible (MCC of 5411) [...]
Mastercard has incredibly low interchange rates for merchants who are classified as a Utility. As these payments are considered “low risk” from a processing perspective, the interchange rates reflect that. You’ll see that many of the rates have no percentage fee, and just a flat, per-transaction fee. Qualifications Must be classified [...]
Standard rates are the worst rates that you can receive on Mastercard transactions. Typically, you’ll receive Standard rates when your sales don’t meet any of the basic qualifications. This can include not submitting AVS data, not settling your sales on time, or failing to submit otherwise required data, based on your [...]
Mastercard has a special rate category specifically designed for nonprofits. Not all nonprofits will qualify – but if you’re classified with the MCC of 8398, or as a “Charity or Social Service” organization, then you’ll qualify for far-reduced interchange rates. Qualifications Only Charitable and Social Service organizations are eligible (MCC 8398). [...]
Since not all industries accept credit cards, Mastercard tries to incentivize “newer” industries with lower, more advantageous interchange rates. These are called Emerging Market interchange rates, and they apply to debit/prepaid cards only. The only qualifying business types are Schools, Government Offices, Insurance-sales, Utilities, and Toll-Roads. Qualifications Must be classified as [...]
To qualify for the below Mastercard supermarket rates, your business must be classified as a grocery/supermarket, with an MCC of 5411. Below are the basic qualifications, plus you’ll see each type of card that’s eligible for supermarket rates, along with the associated potential downgrade: Qualifications Only supermarkets/grocery stores are eligible (MCC of 5411) Magnetic stripe, [...]