Small Ticket Rates

November 23, 2012

November 23, 2012

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Visa and Mastercard both have special, lower interchange rates for small transaction sizes.  Visa and Mastercard tend to create new interchange categories when they want to attract a new kind of merchant that has not previously accepted cards.  Small ticket merchants (think convenience stores, parking meters, etc.) have historically been turned off by the per-transaction part of […]

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Visa and Mastercard both have special, lower interchange rates for small transaction sizes.  Visa and Mastercard tend to create new interchange categories when they want to attract a new kind of merchant that has not previously accepted cards.  Small ticket merchants (think convenience stores, parking meters, etc.) have historically been turned off by the per-transaction part of the interchange rates.   Paying $0.10  in interchange, plus another few cents to the credit card processor really hurts when you are only charging the customer $5.

 

If you have a small average transaction size, make sure you are getting the lower Small Ticket rates passed on to you by your merchant account provider.  Of course all the deals on FeeFighters.com use Interchange Plus pricing and take advantage of these lower rates.

Card Type Normal Retail Interchange Category Normal Interchange Rate Small Ticket Rate  Category Small Ticket Interchange Rate
$ % Cost for a $10 Transaction $ % Cost for a $10 transaction
Visa Debit CPS Retail Debit 0.2 0.95% 0.30 CPS Small Ticket Debit 0.04 1.55% 0.20
Visa Regular Credit CPS Retail Credit 0.1 1.54% 0.25 CPS Small Ticket Credit 0.04 1.65% 0.21
Visa Rewards CPS Rewards 1 0.1 1.65% 0.27 CPS Small Ticket Credit 0.04 1.65% 0.21
Mastercard Debit Merit III Debit 0.15 1.05% 0.26 Small Ticket Debit 0.04 1.55% 0.20
Mastercard Regular Credit Merit III Core 0.1 1.58% 0.26 Merit III Core 0.1 0.0158 0.26
Mastercard Basic Rewards Merit III Enhanced 0.1 1.73% 0.27 Merit III Enhanced 0.1 0.0173 0.27
Mastercard World (Rewards) Merit III World 0.1 1.73%

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