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Visa Product 1 and 2 Interchange

Cardfellow

The categories essentially replaced Visas prior CPS interchange program, and apply to different consumer credit transactions. The broadest difference is that Product 1 applies to card-not-present transactions and Product 2 applies to card-present transactions.

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Visa Restaurant 1 and Restaurant 2 Interchange

Cardfellow

The two categories essentially replaced Visas prior CPS interchange program, and apply to different consumer credit transactions. The broadest difference is that Restaurant 1 applies to card-not-present transactions and Restaurant 2 applies to card-present transactions.

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ACH Check Processing: Understanding ACH Fees

EBizCharge

ACH debit ACH transactions come in two main varieties: ACH credit transactions and ACH debit transactions. ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account. flat fee whether it processes a $100 or a $10,000 transaction.

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Credit Card Surcharge Signs: Compliance, Design, and Best Practices

EBizCharge

These fees are intended to cover the cost associated with credit card processing fees, which merchants pay to credit card companies such as Visa, MasterCard, or American Express for each transaction.