CPS Rewards 1
CPS Rewards 1 is a Visa Interchange rate for a rewards card credit transaction. The interchange cost is the same whether the card is swiped or the card number is key-entered.
Interchange fee: 1.65% + $0.10
- Transaction meets the requirements for either CPS Retail or CPS Supermarket.
You might be thinking, hmm, sounds good, but what do I actually pay when I run the card?
The answer depends on your pricing program. If your processor is charging you a flat rate or in tiers, like qualified, non-qualified, etc., then you are paying whatever they happen to charge for rewards 1, 2.75%, etc., whatever sounds good to them.
If you have interchange plus pricing, and you are paying the exact interchange fees, then you should be paying something like this:
Interchange fee: 1.65% + $0.10 + Visa Credit Assessment: 0.14% + $0.0195 (this is the Visa toll on all credit transactions, add the percentage to the percentage and per item to the per item) + Burlington Bank Card Processing Services: 0.00% + $0.05 (again, add the percentage to the percentage, should be pretty easy math, and the per item to the per item.)
Total Percentage Cost for Visa Rewards 1 = 1.79% (Interchange: 1.65% + Assessment: 01.4% + Processing 0.00%).
Total Per Item Cost = $0.1695 (Interchange: $0.10 + Assessment: $0.0195 + Processing $0.05)
Total Cost for Visa Rewards 1 = 1.79% + $0.1695
Please click here to find out more about this pricing plan: Burlington Bank Card Processing Services: 0.00% + $0.05