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Visa / MasterCard
Interchange |
The "discount percentage fee"
charged for processing a Visa or MasterCard sale includes fees charged by
the Visa or MasterCard issuer to your merchant processing bank. And, these
fees can vary based on where the card was issued, what type of customer and
the type of card. Sounds complicated? Included below are helpful
schedules of interchange fees most frequently applicable to
e-commerce and
retail/card present merchant sales:
E-COMMERCE TRANSACTIONS
require i) Address Verification ii) validation of
Card Verification Value and iii) settlement within 24
hours of receiving the authorization code.
|
Visa
e-commerce |
|
US ISSUED CARD |
INT'L ISSUED CARD |
|
Consumer Card |
|
|
credit card |
1.85
% plus 10 cents
(a) |
|
check card |
1.60
% plus 15 cents
(a) |
|
|
Consumer Card |
|
|
electronic |
1.00
% |
|
standard |
1.44
% |
|
|
Corporate Card |
|
|
electronic |
2.20
% plus 10 cents |
| |
|
|
|
Corporate Card |
|
|
commercial |
1.80
% |
| |
|
|
|
|
MasterCard
e-commerce |
|
US ISSUED CARD |
INT'L ISSUED CARD |
|
Consumer Card |
|
|
credit card |
1.90
% plus 10 cents
(b) |
|
check card |
1.64
% plus 16 cents
(b) |
|
|
Consumer Card |
|
|
electronic |
1.37
% |
|
standard |
2.10
% |
|
|
Corporate Card |
|
|
electronic |
2.20
% plus 10 cents |
| |
|
|
|
Corporate Card |
|
|
standard |
2.15
% |
| |
|
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|
(a) Card Not Present
(b) Merit I
RETAIL / FACE-TO-FACE
TRANSACTIONS require i) Card swipe though terminal to read magnetic
stripe ii) settlement within 24 hours of receiving the authorization code
and iii) customer signature on receipt
|
Visa
retail / card present |
|
US ISSUED CARD |
INT'L ISSUED CARD |
|
Consumer Card |
|
|
credit card |
1.54
% plus 10 cents |
|
check card |
1.54
% plus 10 cents |
|
|
Consumer Card |
|
|
electronic |
1.00
% |
|
standard |
1.44
% |
|
|
Corporate Card |
|
|
electronic |
2.20
% plus 10 cents |
| |
|
|
|
Corporate Card |
|
|
commercial |
1.80
% |
| |
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|
|
MasterCard
e-commerce |
|
US ISSUED CARD |
INT'L ISSUED CARD |
|
Consumer Card |
|
|
credit card |
1.54
% plus 10 cents
(b) |
|
check card |
1.05
% plus 15 cents
(b) |
|
|
Consumer Card |
|
|
electronic |
1.37
% |
|
standard |
2.10
% |
|
|
Corporate Card |
|
|
electronic |
1.54
% plus 10 cents |
| |
|
|
|
Corporate Card |
|
|
standard |
2.15
% |
| |
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(b) Merit III
Address Verification Service
Card
Verification Value
Merchant
Category Codes
Chargeback issues
US
Interchange Schedule
Retrieval Requests
Terminated
Merchant File
ECOMMERCE |
RETAIL |
HIGH-RISK |
MC-VISA CARD TERMS
ACH ~
DIRECT DEBIT |
BANK TRANSFER
GIFT / LOYALTY CARDS
Copyright © 2002-2006
Atlantic Payment Systems,
LLC
P.O. Box 9584, Niskayuna,
New York 12309-0584
Telephone: 518-346-2115
Fax: 212-658-9003
Revised:
May 15, 2008
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