CPS/Retail

CPS/Retail is Visa's Interchange rate for base card types in a card present or signature credit transaction.

Change History:

  • 1.54% + $0.10 April 2011

Primary Qualifications:

  • 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 & Limosines), 5813 (Bars & Taverns), 7230 (Barber & Beauty Shop), 7298 (Health & Beauty Spas). This is to account for tipping in these business types.