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) [...]
What Industries are considered "B2B" by Visa?Visa is a bit different than Mastercard when it comes to applying special B2B rates. Although Mastercard doesn’t have special rates for the below merchants, Visa will offer rate reductions to the below merchant types, depending on what data you enter in. You’ll want [...]
Visa CPS (or Custom Payment Service) outlines the criteria your transactions need to meet in order to gain access to the lowest possible interchange rates. To help protect merchants and consumers, Visa has defined several criteria that merchants must meet when submitting transactions through the network. These criteria are designed to help [...]
What are these strange and mysterious fees? Card Brand Fees (also known as Card Association Fees) are the fees that are actually paid back to Visa/Mastercard/Discover. These are also commonly referred to as NABU fees (Network Access and Brand Usage fees). Most merchants don’t realize that the vast majority of the fees [...]
FANF stands for Fixed Acquirer Network Fee. This fee is assessed directly by Visa, and is assessed based on how much volume your account processes per month. Dharma does not mark this fee up! In-person (Card-Present) accounts have lower FANF fees than Online (Card-Not-Present) accounts. The FANF will not apply to [...]