CPS Retail Key Entered Debit

CPS Retail Key Entered Debit is a Visa Interchange fee applied to debit card transactions. Card number is key-entered, not swiped. Unregulated debit cards issued by banks with below $10 billion in assets (small banks, credit unions, etc.) will clear at this interchange fee. 

Interchange fee: 1.65% + $0.15

Change History:

  • 1.65% + $0.15 April 2012
  • 1.60% + $0.15 October 2011

Primary Qualifications:

  • Single electronic authorization, authorization must include Address Verification (AVS) with exact match, order number, and customer service number
  • Purchase date equal to shipping date and within 7 days of authorization
  • Transaction settled on or 1 day after purchase/shipping date
  • Settled amount must equal authorized amount, authorization response data included in the settled transaction.

How is key entered different than card not present?

It just means that the card and cardholder were present at the time of the sale, even though the card number was keyed in for whatever reason. The interchange rate is the same regardless.