Recover up to 15% more revenue! Give your customers the ability to complete a purchase when their payment is declined.
Learn MorePayment Processing
Recurring Payment Processing
Recurring Payment Features
This guide offers insights into how recurring payments work, the benefits of a recurring payment model and what to look for in a payment partner.
Read the GuideRecover up to 15% more revenue! Give your customers the ability to complete a purchase when their payment is declined.
Learn MoreThis guide offers insights into how recurring payments work, the benefits of a recurring payment model and what to look for in a payment partner.
Read the GuideRecover up to 15% more revenue! Give your customers the ability to complete a purchase when their payment is declined.
Learn MoreThis guide offers insights into how recurring payments work, the benefits of a recurring payment model and what to look for in a payment partner.
Read the GuideRecover up to 15% more revenue! Give your customers the ability to complete a purchase when their payment is declined.
Learn MoreThis guide offers insights into how recurring payments work, the benefits of a recurring payment model and what to look for in a payment partner.
Read the GuideRecover up to 15% more revenue! Give your customers the ability to complete a purchase when their payment is declined.
Learn MoreThis guide offers insights into how recurring payments work, the benefits of a recurring payment model and what to look for in a payment partner.
Read the GuideHistorically, interchange fees have been imposed on businesses to reimburse issuing banks for lost interest resulting from a cardholder’s grace period for repaying their debt. This is why Visa still refers to interchange fees as “interchange reimbursement fees.” Visa considers it as a transfer fee between acquiring banks and issuing banks for each Visa card transaction. Visa uses these fees to balance and grow the payment system for the benefit of all participants. This fee, however, is a fee that is ultimately passed on to the merchant to pay.
Interchange fees account for the bulk of your business’s credit card processing expense, making it very important to ensure that the majority of transactions qualify to the lowest possible categories as often as possible. If a lot of your transactions are from commercial credit cards, Level 3 processing will lower your Visa interchange fee by passing through additional data to the processor.
Below are some of the most common Visa interchange fees as of April 2021 from CreditDonkey. There are dozens of interchange fees (many of which aren’t listed here). The rates vary based on card type, transaction method, and type of business. Go here to see a complete list of Visa interchange fees.
Visa Debit Card | Swipe Rate (card present) |
Visa Debit (small bank) | 0.8% + 15¢ |
Visa Debit (big bank/regulated) | 0.05% + 22¢ |
Visa Debit Prepaid | 1.15% + 15¢ |
Visa Debit Card | Keyed Rate (card not present) |
Visa Debit (small bank) | 1.65% + 15¢ |
Visa Debit (big bank/regulated) | 0.05% + 22¢ |
Visa Debit Prepaid | 1.75% + 20¢ |
Visa Credit Card | Swipe Rate (card present) |
Visa Credit Basic | 1.51% + 10¢ |
Visa Rewards Traditional | 1.65% + 10¢ |
Visa Rewards Signature | 2.30% + 10¢ |
Visa Rewards Signature Preferred | 2.1% + 10¢ |
Visa Business | 2.20% + 10¢ |
Visa Corporate | 2.50% + 10¢ |
Visa Credit Card | Keyed Rate (card not present) |
Visa Credit Basic | 1.80% + 10¢ |
Visa Rewards Traditional | 1.95% + 10¢ |
Visa Rewards Signature | 2.70% + 10¢ |
Visa Rewards Signature Preferred | 2.40% + 10¢ |
Visa Business | 2.25% + 20¢ |
Visa Corporate | 2.70% + 10¢ |
Visa International | Interchange Rates |
Visa International | 1.10% |
Visa International Premium | 1.80% |
Visa International Corporate | 2.00% |
Visa International Keyed | 1.60% |
*The credit card networks typically update their interchange fees two times a year, in April and in October.
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