CPS Retail Key Entered

CPS Retail Key Entered is Visa's Interchange rate for base card types in a card present key entered credit transaction. This interchange fee applies when a retail merchant keys in the credit card number instead of swiping, dipping or tapping.

Interchange fee: 1.80% + $0.10

Change History:

  • None

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.

What's the deal with Key Entered vs Card Not Present?

In most cases, the interchange fee will be the same either way. Key entered transactions typically denote that the card and cardholder were actually present at the time or sale, but, for whatever reason (equipment failure, problem with the card itself, coronavirus pandemic, etc.) the merchant was unable to complete a swiped, dipped or tapped transaction, so the card number was key entered instead.