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Visa Utility
Utility merchants who provide Electricity, Gas, or Water get heavily-reduced interchange rates from Visa
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 classified as a Utility – Water, Gas, Electric, Sanitation (MCC 4900)
- Authorize and settle within 1 day.
- Obtain and pass 1 valid electronic authorization.
- Must be registered with Visa with valid Merchant Verification Value (MVV) on account
What are the rates?
CPS Utility – $0.75
Downgrade (any reason): EIRF, 2.30% + $0.10/txn
Signature / Preferred / Infinite – $0.75
Downgrade (any reason): Standard, 2.95% + $0.10/txn
CPS Utility Debit – $0.65
Downgrade (any reason): CPS Card-Not-Present Debit, 1.65% + $0.15/txn
CPS Utility Prepaid – $0.65
Downgrade (any reason): CPS Card-Not-Present Prepaid, 1.75% + $0.20/txn
Regulated Debit – 0.05% + $0.22
Downgrade: This card type does not downgrade.
Who’s eligible?
Only Utility-merchants with an MCC of 4900 will qualify.