CPS Retail is the Visa Interchange rate for base card types in a card present and signature credit transaction.
Interchange fee: 1.51% + $0.10
Cardholder and card present, signature obtained, single electronic authorization, merchant name, city, and state included in authorization
Read & transmit complete magnetic stripe, transaction settled within 1 day of authorization, authorization response data included in settled transaction.
Clearing amount must equal authorization amount except for the following sic codes: 4121 (Taxicabs and Limosines), 5813 (Bars and Taverns), 7230 (Barber and Beauty Shop), 7298 (Health and Beauty Spas). This is to account for tipping in these business types.
1.54% + $0.10 April 2011