Utility Debit is the Visa Interchange Rate for debit card transaction accepted by a registered utility. When you pay your electric bill with a Visa debit card, this is the fee that the utility has to pay. Usually it is passed on as a site fee.
Interchange fee: 0.00% + $0.75
- 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.