Utility Business

Utility Business is the Visa Interchange Rate for a Visa Business card type credit transaction accepted by a registered utility.

Interchange fee: 0.00% + $1.50

Primary Qualifications:

  • 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 a 4900 sic code.
  • Registration is required and the assigned MVV value must be passed to Visa in the settlement record.
  • Must be Visa Business card.
  • Must also include sales tax and customer code.