CPS Retail 2 Card Not Present Prepaid
CPS/Retail 2 Card Not Present Prepaid is the Visa Interchange Rate for a card not present prepaid card transaction at a retail 2 merchant location. Retail 2 is an emerging market where Visa is trying to encourage card acceptance with lower interchange fees.
Interchange fee: 0.65% + $0.15
- Introduced October 2011
- Transaction can be full magnetic stripe read or key-entered.
- Transaction settled within 1 days of authorization, authorization response data included in settled transaction.
- Transactions must be from one of the following sic codes: 9211 (Court Costs), 9222 (Fines), 9399 (Government Services), 8211 (Elementary & Secondary Schools), 8220 (Colleges and Universities), 8299 (Schools and Educational Services), 5960 (Direct Marketing - Insurance Services), 6300 (Insurance Sales / Underwriting / Premiums), 4899 (Cable TV), 5968 (Direct Marketing - Subscriptions), 5983 (Fuel Dealers), 8351 (Child Care Services), 8398 (Charitable).
- Developing Markets Only