Each transaction in this interchange category costs the business 1.65% + $0.10
- This category is for visa consumer rewards cards
- For physical merchants this is the best rate available for this card type
- Requires a physical card swipe so is not possible for internet or phone transactions
- For in-person merchants this is the second best rate available for this card type
- Address verification (AVS) must be attempted
- Must be settled within 2 days
- Authorization date and transaction date must be within 7 days of each other
- Electronic authorization must include an order number