Credit CardsVisa credit cards are issued to customers not by Visa, but by an issuing bank. These credit cards will have varying terms/rewards, as every bank is different. The below guide is a handy reference to see how cards are typically classified. Note that issuing banks have a lot of [...]
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 [...]
Almost all merchants are eligible for the Visa CPS Small Ticket program. See below for the full qualifications - but typically, if you accept a sale that's under $15, it will qualify for lower interchange rates from Visa. Almost all merchants are eligible for the Visa CPS Small Ticket program. [...]
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) [...]
To qualify for the below restaurant rates, merchants must be classified as a restaurant or quick-service merchant (MCC of 5812 or 5814). Below are the basic qualifications, plus you’ll see each type of card that’s eligible for restaurant rates, along with the associated potential downgrade: Qualifications Be classified as Restaurant (MCC 5812) [...]