CPS Automated Fuel Prepaid
CPS Automated Fuel Prepaid is the Visa Interchange Rate for a card present prepaid card transaction at a automated fuel dispenser merchant location (Pay At The Pump).
Interchange fee: 1.15% + $0.15
- Introduced October 2011
- Cardholder and card present, single electronic authorization, read & transmit complete magnetic stripe, transaction settled within 1 day of authorization, authorization response data included in settled transaction.
- Merchant name and location sent in authorization request.
- A $1 status check is performed on the authorization and clearing amount must be less than or equal to $125.