Visa
Review network mandates for accepting Visa card payments. Changes include the date when it will take effect.
Adjustments to the Base II File Transmission Fee (VBII / VSNAF)
Effective January 1, 2025
Effective January 1, 2025, Visa will be revising billing on VBII/VSNAF fee. The cost will be increased from $0.002 to $0.0025 for each financial transaction processed through the Base II system.
ACI Value of “D” Will Be Returned for Some Issuer-Approved Eligible Transactions in the US
Effective April 2025
ACI field in Create Transaction API Response will contain the new value of “D” in for issuer-approved
EDQP-eligible transactions (Visa's Electronic Data Quality Program) that requested CPS but did not qualify.
Issuer-declined transactions that requested CPS, but did not qualify, will receive an ACI value of “N”
The EDQP is a new data integrity program that aims to help improve data integrity and maintain processing integrity throughout the life cycle of a transaction, providing consistency as it is adopted globally across all regions. TabaPay will ensure data quality of transactions per the EDQP Program.
The below transaction types are considered eligible EDQP transactions and will receive an ACI value of “D” if they meet CPS criteria:
• Account funding transaction
• Bill payment
• Manual cash
• Merchandise return / credit voucher
• Purchase
• Quasi-cash
• Reversal
Visa Restrictions on Standing Instruction MITs Will Be Delayed to July 2025
Effective July 30, 2025
Visa is further delaying plans to restrict standing instruction merchant-initiated transactions (MITs) to credential-on-file tokens only.
To minimize impacts to existing transactions and to merchants, Visa will take the following approach to the restriction to COF tokens:
- Standing instruction MITs on device tokens provisioned after 30 July 2025 will be declined.
- Visa will continue to honor MIT relationships between merchants and cardholders on device tokens that were provisioned on or before 30 July 2025. Visa expects that such device token usage for standing instruction MITs will be reduced over time by natural attrition as device tokens are deactivated or expired.
Changes to Visa Commercial Choice Omni and Visa Commercial Choice Travel Programs
Effective October 18, 2024
Visa will implement changes to support additional interchange rates for Visa Commercial Choice Omni and Visa Commercial Choice Travel programs.
| B2B Program ID Value | B2B Program ID Description | B2B Program ID Rates |
|---|---|---|
| C4 | B2B Program 22 | 2.10% |
| C5 | B2B Program 23 | 2.20% |
| C6 | B2B Program 24 | 2.30% |
| C7 | B2B Program 25 | 2.40% |
| C8 | B2B Program 26 | 2.50% |
| C9 | B2B Program 27 | 2.60% |
| D1 | B2B Program 28 | 2.70% |
| D2 | B2B Program 29 | 2.80% |
| D3 | B2B Program 30 | 2.90% |
| D4 | B2B Program 31 | 3.00% |
| D5 | B2B Program 32 | Rates will be announced in a future Visa Business News article |
| D6 | B2B Program 33 | Rates will be announced in a future Visa Business News article |
| D7 | B2B Program 34 | Rates will be announced in a future Visa Business News article |
| D8 | B2B Program 35 | Rates will be announced in a future Visa Business News article |
| D9 | B2B Program 36 | Rates will be announced in a future Visa Business News article |
| E1 | B2B Program 37 | Rates will be announced in a future Visa Business News article |
| E2 | B2B Program 38 | Rates will be announced in a future Visa Business News article |
| E3 | B2B Program 39 | Rates will be announced in a future Visa Business News article |
| E4 | B2B Program 40 | 0.85% |
| E5 | B2B Program 41 | 0.95% |
| E6 | B2B Program 42 | 1.05% |
| E7 | B2B Program 43 | 1.15% |
| E8 | B2B Program 44 | 1.25% |
| E9 | B2B Program 45 | 1.35% |
| F1 | B2B Program 46 | 1.45% |
| F2 | B2B Program 47 | 1.55% |
| F3 | B2B Program 48 | 1.65% |
| F4 | B2B Program 49 | 1.75% |
| F5 | B2B Program 50 | 1.85% |
| F6 | B2B Program 51 | 1.95% |
| F7 | B2B Program 52 | 2.05% |
| F8 | B2B Program 53 | 2.15% |
| F9 | B2B Program 54 | 2.25% |
| G1 | B2B Program 55 | 2.35% |
| G2 | B2B Program 56 | 2.45% |
| G3 | B2B Program 57 | 2.55% |
| G4 | B2B Program 58 | 2.65% |
| G5 | B2B Program 59 | 2.75% |
| G6 | B2B Program 60 | 2.85% |
| G7 | B2B Program 61 | 2.95% |
Changes to Transactions Destined to India
Effective July 19, 2024
Visa will implement changes to decline cross-border transactions destined to issuers in India with certain gambling merchant category codes (MCCs)
| MCC | MCC Description |
|---|---|
| 7995 | Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, Wagers at Race Tracks and games of chance to win prizes of monetary value |
| 9406 | Government-Owned Lotteries (Non-U.S. region) |
New Interregional and Regional Fee Programs for Account Funding Transactions
Visa will introduce new interregional and AP, CEMEA, Europe, and LAC regional fee programs for certain money transfer account funding transactions (AFTs).
Effective October 18, 2024
Changes to Canada Domestic Visa Debit Interchange Rates
Effective December 31, 2024
Visa will update the rates for certain existing interchange fee programs applicable to Visa debit transactions.
Changes to the Electronic Fee Program for Visa Debit Transactions
| Product | Fee Descriptor | Existing rate | New Rate |
|---|---|---|---|
| Visa Debit Classic | CHIP ELEC DB NAT | CA$0.05+0.25% | CA$0.03 |
| CHIP ELEC DB NAT | CA$0.05+0.25% | CA$0.03 | |
| Visa Debit Business | CHIP ELEC DB NAT | CA$0.05+0.25% | CA$0.03 |
| CHIP ELEC DB INT | CA$0.05+0.25% | CA$0.03 |
Changes to the Performance Program – Card Present Electronic Fee Program for Visa Debit Transactions
| Product | Fee Descriptor | Existing rate | New Rate |
|---|---|---|---|
| Visa Debit Classic | CHP DB TR1 NAT | CA$0.05+0.15% | CA$0.03 |
| CHP DB TR1 INT | CA$0.05+0.15% | CA$0.03 | |
| Visa Debit Business | CHP DB TR1 NAT | CA$0.05+0.15% | CA$0.03 |
| CHP DB TR1 INT | CA$0.05+0.15% | CA$0.03 |
Changes to the Industry – Gas Fee Program for Visa Debit Transactions
| Product | Fee Descriptor | Existing rate | New Rate |
|---|---|---|---|
| Visa Debit Classic | CHP DB IND1 NAT | CA$0.05+0.15% | CA$0.03 |
| CHP DB IND1 INT | CA$0.05+0.15% | CA$0.03 | |
| Visa Debit Business | CHP DB IND1 NAT | CA$0.05+0.15% | CA$0.03 |
| CHP DB IND1 INT | CA$0.05+0.15% | CA$0.03 |
Changes to the Industry – Grocery Fee Program for Visa Debit Transactions
| Product | Fee Descriptor | Existing rate | New Rate |
|---|---|---|---|
| Visa Debit Classic | CHP DB IND2 NAT | CA$0.05+0.15% | CA$0.03 |
| CHP DB IND2 INT | CA$0.05+0.15% | CA$0.03 | |
| Visa Debit Business | CHP DB IND2 NAT | CA$0.05+0.15% | CA$0.03 |
| CHP DB IND2 INT | CA$0.05+0.15% | CA$0.03 |
New U.S. Domestic Visa+ Original Credit Transaction Client-to-Client Fee Program
Effective October 18, 2024
Visa will implement a new U.S. domestic client-to-client fee program, including fee descriptor, fee program indicator (FPI), and client-to-client fee for Visa+ original credit transactions (OCTs).
Changes to U.S. Domestic Interchange Fee Programs
Effective October 18, 2024
Visa will implement changes to update the existing Purchasing Card – Fleet fee program and introduce a new fee program applicable to Visa consumer credit supermarket transactions from eligible small merchants.
Existing Purchasing Card – Fleet Fee Program
| Fee Program | Existing Fee Descriptors | Existing Rate |
|---|---|---|
| Purchasing Card – Fleet | US PURCH FLT | 2.50% + $0.10 |
New Fee Program for Small Merchant Supermarket Transactions
| Fee Program | Product | Existing Fee Descriptors | Existing Rate |
|---|---|---|---|
| Small Merchant Supermarket | Visa Traditional | SM VT SPMKT | 1.50% + $0.07 |
| Visa Traditional Rewards | SM VTR SPMKT | 1.50% + $0.07 | |
| Visa Signature | SM VS SPMKT | 1.65% + $0.07 | |
| Visa Signature Preferred | SM VSP SPMKT | 2.00% + $0.07 | |
| Visa Infinite (Spend not-qualified) | SM VIN SPMKT | 1.65% + $0.07 | |
| Visa Infinite (Spend- qualified) | SM VIQ SPMKT | 2.00% + $0.07 |
Update to Interchange Fee Processing for Canada Domestic Transactions from Consumer Bill Payment Service Providers
Effective October 18, 2024; Canada only
Visa will implement changes to allow U.S. domestic Visa Direct account funding transactions (AFTs) and original credit transactions (OCTs) to qualify for the Visa Direct Strategic fee program.
Consumer Bill Payment Service (CBPS) providers must be aware that domestic CBPS transactions may qualify for fee programs other than those specific to consumer bill payment service providers.
New Small Merchant Fee Programs for Visa Consumer Credit Transactions
Effective October 18, 2024; Canada Only
Visa will implement new fee programs for Canada domestic Visa consumer credit purchase and credit voucher transactions from eligible small merchants. Visa will introduce new domestic Canada interchange programs for small merchants to support revisions to its voluntary interchange Undertaking with the government of Canada.
New Small Merchant Electronic Fee Program
| Product | New Fee Descriptor | New Rate |
|---|---|---|
| Visa Classic Credit Visa Gold Credit Visa Platinum Credit | CONS SM ELEC NAT | 0.81% |
| Visa Classic Credit Visa Gold Credit Visa Platinum Credit | CONS SM ELEC INT | 0.81% |
| Visa Infinite Credit | INF SM ELEC NAT | 0.99% |
| Visa Infinite Credit | INF SM ELEC INT | 0.99% |
| Visa Infinite Privilege Credit | HNW SM ELEC NAT | 1.80% |
| Visa Infinite Privilege Credit | HNW SM ELEC INT | 1.80 |
New Small Merchant Card Not Present – Token Fee Program
| Product | New Fee Descriptor | New Rate |
|---|---|---|
| Visa Classic Credit Visa Gold Credit Visa Platinum Credit | CNSTKN SMCNP NAT | 1.25% |
| Visa Classic Credit Visa Gold Credit Visa Platinum Credit | CNSTKN SMCNP INT | 1.25% |
| Visa Infinite Credit | INFTKN SMCNP NAT | 1.50% |
| Visa Infinite Credit | INFTKN SMCNP INT | 1.50% |
| Visa Infinite Privilege Credit | HNWTKN SMCNP NAT | 2.25% |
| Visa Infinite Privilege Credit | HNWTKN SMCNP INT | 2.25% |
Requirement to Send Transaction Identifier From Preceding Account Funding Transaction in Money-Transfer Original Credit Transactions
Effective October 18, 2024
Visa recommends including the transaction ID from a preceding Account Funding Transaction into an Original Credit Transaction message where available
The business reasons for this enhancement include, but are not limited to:
• Enhancement to Existing Acceptance Channels
• Global Rule, Legal, or Regulatory
• Risk Management
Clients must store and send the network ID from the original Account Funding Transaction (regardless of whether it is processed via TabaPay) and provide it in the subsequent Original Credit Transaction via TabaPay.
Applies to both domestic and cross-border OCTs.
Changes to Support New Data Requirements in Visa Direct Transactions
Effective October 18, 2024
Regulatory reporting requirements have been introduced that require new sender information for cross-border push transactions.
- Source of Funds will be required on all cross-border push transactions
- Sender date of birth will be required on all cross-border push transactions
For a full review of all data requirements, including required and recommended fields, please refer cross-border push data requirements..
Changes to Transactions Destined to Mainland China
Effective June 14, 2024
Visa will implement changes to prohibit transactions destined to issuers in Mainland China with certain merchant category codes (MCCs) listed in prohibited MCC list. Merchants should no longer submit original transactions with any transaction amount for certain MCCs in the prohibited category destined to issuers in Mainland China.
Visa will implement changes to restrict transactions destined to issuers in Mainland China with certain MCCs listed in restricted MCC list. Merchants should no longer submit original transactions with transaction amount greater than US$5,000 or equivalent for certain MCCs in the restricted category destined to issuers in Mainland China.
Contact Tabapay for a list of specific MCCs
Processing Integrity Program Fees Will Be Delayed in Canada
Effective April 25, 2024
The implementation date and reporting for Processing Integrity Program fees including included the Misuse of Authorization System fees will now be delayed until April 25, 2024 and will take effect globally on the same date.
Visa Authorization Response Code Updates
Effective April 13, 2024
Three response codes 39, 52, and 53 are moving from Category 4—Generic Response Codes to Category 2—Issuer Cannot Approve At This Time:
- Response Code 39 - No credit account.
- Response Code 52 - No checking account.
- Response Code 53 - No savings account
These changes will help with the following improvements:
• To improve authorization processing
• Minimize invalid authorization reattempts
• Optimize the consumer experience through greater transaction approvals
Additionally, Response Code 14 (invalid account number [no such number]) will remain as a Category 1—Issuer Will Never Approve decline code and in the Data Quality Program. Response Code 14 will no longer be counted as part of excess reattempts.
A new response code, Z5 (valid account but amount not supported) is being introduced as a Category 2 decline code.
Response Code 14 (invalid account number [no such number]) is currently defined as both a Category 1—Issuer
Will Never Approve and a Category 3—Data Quality decline code. In response to requests for clarification, effective 13 April 2024, Response Code 14 will be removed from Category 3 and will be treated solely as a Category 1 decline code. As a Category 1, merchants must not reattempt an authorization
request after a decline.
Note: Response Code 14 will remain in the Data Quality program for the purposes of system integrity fees.
Visa Multiple Account Access Service
Effective April 12, 2024
Visa is launching Visa Multiple Account-Access Service (VMAAS) for US Domestic transactions. TabaPay will be enabling processing changes to support VMAAS for processing in April 2024; and plans to include support for VMAAS indicator (TBD).
VMAAS will enable merchants to provide cardholders the ability to access multiple funding options through a single Visa credential. Every VMAAS enabled credential is identified as a primary credential and can be linked to one or more secondary credentials.
Effective April 12, 2024, first use case being launched in the US is using Debit Classic as a primary credential, and Consumer Credit as a secondary credential. A cardholder must notify their issuer of their choice of credential (for example, primary or secondary) before making an eligible transaction. Each issuer must decide the method the cardholder must use to provide such notice.
Excluded MCCs for VMASS using the Debit Classic with Consumer Credit access use case:
- 4829 - Money Transfer
- 6010 - Financial Institution - Manual Cash Disbursements
- 6011 - Financial Institution - Automated Cash Disbursements
- 6012 - Financial Institution - Merchandise, Services, Debt Repayment
- 6051 - Non-Financial Institutions –. Foreign Currency, Liquid and Cryptocurrency Assets
- 6211 - Securities—Brokers/Dealers
Visa High Integrity Risk Fee
Effective April 12, 2024
Fee for each CNP transaction processed with the following MCC codes, a fee of $0.10/transaction + 0.10% will be applied as Visa High Integrity Risk Fee.
- 5967 (Direct Marketing)
- 7273 (Dating Services)
- 7995 (Betting, Lottery Tickets, Casino Gaming Chips)
Visa Direct: Cross-Border OCTs and AFTs Will Be Declined if Purpose of Payment Field is Not Populated
Effective April 12, 2024
Effective 12 April 2024, Visa will decline cross-border original credit transactions (OCTs) and
account funding transactions (AFTs) sent to and received in Argentina, Bangladesh, Chile, Colombia, Egypt and
India if the Purpose of Payment code field is not populated.
What is the PoP Code?
The PoP code is a 12-character free-text field used to classify and report the nature and purpose of transactions.
Sending institutions should use regulatory published codes in the countries they are sending to, and where not
possible, should use standardized codes outlined in the reference below.
Reference
For more details, please visit Purpose of Payment requirements.
Updates to Existing Interlink Card-Not-Present Fee Programs
Effective April 12, 2024
Visa will implement changes to the fee edit criteria for the following non-Visa card-not-present Interlink fee programs:
• Card-Not-Present
• Electronic Commerce
• Hotel and Car Rental Card-Not-Present
• Passenger Transport Card-Not-Present
• Consumer Bill Payment Service (CBPS)
• Account Funding
The existing fee edit criteria for card-not-present Interlink fee programs will exclude the following high-risk telemarketing merchant types:
• 5962 (Direct marketing—travel-related arrangement services)
• 5966 (Direct marketing—outbound telemarketing merchant)
• 5967 (Direct marketing—inbound telemarketing merchant)
Card-not-present transactions submitted with merchant types 5962, 5966, and 5967 will continue to qualify for the Interlink Standard Card-Not-Present fee program.
| Fee Program | Fee Descriptor | FPI | Rate |
|---|---|---|---|
| Interlink Standard Card-Not-Present Debit | ILK STANDARD DB | 721 | 1.90% + $0.25 |
| Interlink Standard Card-Not-Present Prepaid | ILK STANDARD PP | 722 | 1.90% + $0.25 |
Changes to Existing Visa Consumer Credit Fee Programs
Effective April 12, 2024
Visa will implement changes to modify rates for the following existing Visa consumer credit fee programs:
• Healthcare and Healthcare–Non-Token
• Education and Education–Non-Token
• Real Estate and Real Estate–Non-Token
• Services and Services–Non-Token
• Travel
• Consumer Bill Payment Service (CBPS)
• Product 1
• Product 1–Token
• Small Merchant programs for:
- Healthcare
- Education
- Real Estate
- Services
Healthcare
| Fee Program | Fee Descriptor | FPI | Existing Rate | New Rate |
|---|---|---|---|---|
| Visa Traditional | VT HEALTHCARE | 461 | 1.43% + $0.05 | 1.42% + $0.10 |
| Visa Traditional Rewards | VTR HEALTHCARE | 462 | 1.43% + $0.05 | 1.42% + $0.10 |
| Visa Signature | VS HEALTHCRE | 463 | 1.43% + $0.05 | 1.42% + $0.10 |
| Visa Signature Preferred | VSP HLTHCRE | 464 | 2.30% + $0.10 | 2.28% + $0.15 |
| Visa Infinite (Spend not-qualified) | VIN HEALTHCRE | 744 | 1.43% + $0.05 | 1.42% + $0.10 |
| Visa Infinite (Spend-qualified) | VIQ HLTHCRE | 673 | 2.30% + $0.10 | 2.29% + $0.15 |
Healthcare - Non-token
| Fee Program | Fee Descriptor | FPI | Existing Rate | New Rate |
|---|---|---|---|---|
| Visa Traditional | VT HEALTH NT | 613 | 1.53% + $0.05 | 1.52% + $0.10 |
| Visa Traditional Rewards | VTR HEALTH NT | 614 | 1.53% + $0.05 | 1.52% + $0.10 |
| Visa Signature | VS HEALTH NT | 615 | 1.53% + $0.05 | 1.52% + $0.10 |
| Visa Signature Preferred | VSP HLTH NT | 616 | 2.40% + $0.10 | 2.38% + $0.15 |
| Visa Infinite (Spend not-qualified) | VIN HEALTH NT | 745 | 1.53% + $0.05 | 1.52% + $0.10 |
| Visa Infinite (Spend-qualified) | VIQ HLTH NT | 674 | 2.40% + $0.10 | 2.39% + $0.15 |
Visa High Integrity Risk Fees
Fee for each CNP transaction processed with the following MCC Codes:
- 5967 (Direct Marketing)
- 7273 (Dating Services)
- 7995 (Betting, Lottery Tickets, Casino Gaming Chips).
- Fee: $0.10/Txn + 0.10%
Visa ANI - Promotional Fee
Effective April 1, 2024
Visa ended the $0.05 promotional period for Account Name Inquiry (ANI)
Visa Commercial Assessment Fee
Effective April 1, 2024
An assessment fee calculated on sales volume for Visa commercial Debit and Credit cards; Fee 0.0113%
Visa CVV2 Fee
Effective April 1, 2024
Card Verification Value (CVV2) fee of $0.002825 per Match/No Match i.e. when CVV2 match result yields a match/no match result with the following exceptions:
- When the CVV2 is not verified or an error condition prevents the result from being returned to the acquirer
- When 3-D Secure Verification is successful
- When the transaction is an account verification message of $0 amount
Visa Commercial Assessment Fee
Effective April 1, 2024
An assessment fee calculated on sales volume for Visa commercial Debit and Credit cards; Fee 0.0113%.
Visa CVV2 Pricing in Canada
Effective April 1, 2024
For card-not-present (CNP) merchants, fraudulent transactions can lead to lost revenue and extra processing time and costs, which narrows profit margins. CVV2 is a three-digit security code on the rear of a physical payment card that complements merchants’ existing fraud detection tools, providing another data point to help identify the riskiest transactions. Because CNP merchants are at greater risk for stolen account number schemes, they need to be diligent in their fraud control efforts. CVV2 can help a merchant differentiate between genuine customers and fraudsters who operate anonymously.
To reflect CVV2’s value in helping to mitigate fraud, Visa will introduce pricing for CVV2.
Effective 1 April 2024, Visa will introduce acquirer pricing for CVV2 on a per-transaction basis when the CVV2 yields a match or no match result (CVV2 results code value is M or N). The fee will not be assessed when the CVV2 is not verified or an error condition prevents the result from being returned to the acquirer.
The Card Verification Value acquirer fee will also not be charged when 3-D Secure verification is successful or when the transaction is a zero-amount account verification message.
Effective April 1, 2024, the CVV2 Fee will be USD 0.0025 per CVV2 match / no match result.
ANI Fee change
Effective April 1, 2024
Visa increased the Visa Account Name Inquiry ANI Fee from $0.05 to $0.10
Fee: $0.10 for each ANI result
Visa CVV2 Fee change
Effective April 1, 2024
Card Verification Value 2 (CVV2) fee when it yields a match/no match result with the following exceptions:
- When the CVV2 is not verified, or an error condition prevents the result from being returned to the acquirer.
- When 3-D Secure verification is successful
- When the transaction is an account verification message of $0 amount
- Fee:$0.002825 per Match/No Match result
Visa Commercial Assessment Fee
Effective April 1, 2024
An assessment fee calculated on sales volumes for Visa commercial Credit and Debit cards
| Fee | 0.0113% |
Changes that have already gone into effect.
Previous Visa Updates
Changes to Interregional Interchange Fee Programs for Visa Consumer and Visa Commercial Transactions
Effective October 1, 2023
Visa will implement changes to the interregional interchange fee programs, including no longer assessing certain existing fee programs and introducing new fee programs with new fee edit criteria, fee descriptors, fee program indicators (FPIs), and rates.
New Interregional Base Fee Programs for Visa Consumer and Visa Commercial, including Business, Transactions
| Fee Program | Fee Descriptors | New Rates |
|---|---|---|
| Super Premium—Base fee program | SPR PREMIUM CARD | 1.98% |
| Premium—Base fee program | PREMIUM CARD | 1.85% |
| Non-Premium—Base fee program | NON PREMIUM CARD | 1.10% |
| Business Premium—Base fee program | COMCL-BUS | 2.00% |
| Corporate—Base fee program | COMCL-CORP | 2.00% |
| Purchasing —Base fee program | COMCL-PURCH | 2.00% |
New Interregional Alternative Fee Programs for Visa Consumer and Visa Commercial, including Business, Transactions
| Fee Program | Fee Descriptors | New Rates |
|---|---|---|
| Super Premium—Alternative fee program | SPR PREMIUM ALT | 1.98% |
| Premium—Alternative fee program | PREMIUM ALT | 1.85% |
| Non-Premium—Alternative fee program | NON PREMIUM ALT | 1.10% |
| Business Premium—Alternative fee program | BUS ALT | 2.00% |
| Corporate—Alternative fee program | CORP ALT | 2.00% |
| Purchasing —Alternative fee program | PURCH ALT | 2.00% |
New Interregional Downgrade Fee Programs for Visa Consumer and Visa Commercial, including Business, Transactions
| Fee Program | Fee Descriptors | New Rates |
|---|---|---|
| Super Premium—Downgrade fee program | SPR PREMIUM DGD | 2.03% |
| Premium—Downgrade fee program | PREMIUM DGD | 1.90% |
| Non-Premium—Downgrade fee program | NON PREMIUM DGD | 1.65% |
| Business Premium—Downgrade fee program | BUS DGD | 2.05% |
| Corporate—Downgrade fee program | CORP DGD | 2.05% |
| Purchasing —Downgrade fee program | PURCH DGD | 2.05% |
New Consumer Credit Voucher or Merchandise Return interregional Fee Program
| Fee Program | Product | Fee Descriptors | New Rates |
|---|---|---|---|
| Credit Voucher or Merchandise Return | Any Visa consumer transaction | CONS CVMR | 1.00% |
| Credit Voucher or Merchandise Return | Any Visa commercial, including Business, transaction | COMM CVMR | 1.80% |
Changes to the Interregional Standard Fee Program
| Existing Fee Program Name | New Fee Program Name | Existing Fee Descriptor | New Fee Descriptor | Rate |
|---|---|---|---|---|
| Interregional Standard | Uncategorized Products | STANDARD | UNCATEGORIZED | 1.60% |
New FPI Value for Interregional Manual Cash Transactions
| Fee Program Name | Fee Descriptor | Rate |
|---|---|---|
| Manual Cash Disbursement | STANDARD | 0.33% + US$1.75 |
Updates to Canada Domestic Visa Consumer Credit Fee Programs for Tokenized Transactions
Effective October 1, 2023
Visa will update the fee edit criteria requirements for certain existing interchange fee programs applicable to tokenized Visa consumer credit transactions in the Canada region.
| Product | Fee Program | Fee Descriptors | Rate |
|---|---|---|---|
| Visa Infinite Privilege | Performance Card-Not-Present-Token—Infinite Privilege, NNSS | HNW TKN PRF NAT | 2.30% |
| Visa Infinite Privilege | Performance—Infinite Privilege, internationally-settled | HNW TKN PRF INT | 2.30% |
| Visa Infinite | Performance—Infinite, NNSS | INF TKN PRF NAT | 1.55% |
| Visa Infinite | Performance—Infinite, internationally-settled | INF TKN PRF INT | 1.55% |
| Visa Classic Credit, Visa Gold Credit, Visa Platinum Credit | Performance—Consumer, NNSS | CONS TKN PRF NAT | 1.30% |
| Visa Classic Credit, Visa Gold Credit, Visa Platinum Credit | Performance—Consumer, internationally-settled | CONS TKN PRF INT | 1.30% |
Existing Performance Card-Not-Present-Token FPIs, Fee Descriptors, and Rates
| Product | Fee Program | Fee Descriptor | Rate |
|---|---|---|---|
| Visa Infinite Privilege | Card-Not-Present-Token—Infinite Privilege, NNSS | HNW TKNCNP NAT | 2.35% |
| Visa Infinite Privilege | Card-Not-Present—Infinite Privilege, internationally-settled | HNW TKNCNP INT | 2.35% |
| Visa Infinite | Card-Not-Present—Infinite, NNSS | INF TKNCNP NAT | 1.60% |
| Visa Infinite | Card-Not-Present—Infinite, internationally-settled | INF TKNCNP INT | 1.60% |
| Visa Classic Credit, Visa Gold Credit, Visa Platinum Credit | Card-Not-Present—Consumer, NNSS | CONS TKNCNP NAT | 1.35% |
| Visa Classic Credit, Visa Gold Credit, Visa Platinum Credit | Card-Not-Present—Consumer, internationally-settled | CONS TKNCNP INT | 1.35% |
Existing Recurring Payment-Token FPIs, Fee Descriptors, and Rates
| Product | Fee Program | Fee Descriptor | Rate |
|---|---|---|---|
| Visa Infinite Privilege | Recurring Payment-Token—Infinite Privilege, NNSS | HNW TKNRC NAT | 1.90% |
| 1.90% | Recurring Payment—Infinite Privilege, internationally-settled | HNW TKNRC INT | 1.90% |
| Visa Infinite | Recurring Payment—Infinite, NNSS | RCPMT TKNINF NAT | 1.48% |
| Visa Infinite | Recurring Payment—Infinite, internationally-settled | RCPMT TKNINF INT | 1.48% |
| Visa Classic Credit, Visa Gold Credit, Visa Platinum Credit | Recurring Payment—Consumer, NNSS | RCPMT TKNCR NAT | 1.20% |
| Visa Classic Credit, Visa Gold Credit, Visa Platinum Credit | Recurring Payment—Consumer, internationally-settled | RCPMT TKNCR INT | 1.20% |
Digital Commerce Fee: 0.75bps (0.0075%), $0.0075 minimum on purchases replaces AVS and CVV2
Effective October 1, 2023
Visa will introduce a Digital Commerce Fee in the US on all Card Not Present (CNP) settled transactions. The Digital Commerce Fee aims to support digital services and solutions offered by Visa to help increase the performance and security of the payments ecosystem. The fee is 0.75bps on all settled transactions with a min of $0.0075 per transaction. If a transaction is less than or equal to $100, the minimum of $0.0075 will be charged for that transaction. The fee is applicable to all card acceptance use-cases and transactions, note that AFT and Push (OCT) transactions are not subject to the fee.
With the introduction of this fee, Visa will include access to the services below at no cost for CNP transactions:
- Address Verification Service ($0.001) helps merchants mitigate the risk of fraud by requesting verification that the billing address matches the cardholder's address held by issuer
- Card Verification Value 2 (CVV2), which is designed to help mitigate fraud by enabling merchants to use the 3-digit code printed on signature panel of a Visa card to verify it
- Note: Account verification fees will remain
Effective October 2023: Four Changes to U.S. Interchange
Effective October 1, 2023
New Small Merchant Interchange Programs for Visa Consumer Credit Transactions
Updated Small Merchant Product 1 Fee Program
| Product | Existing Fee Descriptors | New Fee Descriptors | Existing Rates | New Rates |
|---|---|---|---|---|
| Visa Traditional | SMLMCH VTPD1 | No changes | 1.58% + $0.10 | No changes |
| Visa Traditional Rewards | SMLMCH VTRPD1 | No changes | 1.73% + $0.10 | No changes |
| Visa Signature | SMLMCHVSVINPD1 | SMLMCH VS PD1 | 1.73% + $0.10 | No changes |
| Visa Infinite (Spend not-qualified) | SMLMCHVSVINPD1 | SMLMCH VIN PD1 | 1.73% + $0.10 | No changes |
| Visa Signature Preferred | SMLMCH VSP PD1 | No changes | 2.18% + $0.10 | No changes |
| Visa Infinite (Spend-qualified) | SMLMCH VIQ PD1 | No changes | 2.18% + $0.10 | No changes |
New Fee Programs for Services Transactions from Small Merchants
| Product | New Fee Descriptors | Rates |
|---|---|---|
| Visa Traditional | SM VT SERVICES | 1.55% + $0.10 |
| Visa Traditional Rewards | SM VTR SERVICES | 1.70% + $0.10 |
| Visa Signature | SM VS SERVICES | 1.85% + $0.10 |
| Visa Signature Preferred | SM VSP SVCS | 2.30% + $0.10 |
| Visa Infinite (Spend not-qualified) | SM VIN SERVICES | 1.85% + $0.10 |
| Visa Infinite (Spend-qualified) | SM VIQ SVCS | 2.30% + $0.10 |
New Fee Program for Telecommunications and Cable Card-Not-Present Transactions from Small Merchants
| Product | New Fee Descriptors | Rates |
|---|---|---|
| Visa Traditional, Visa Traditional Rewards, Visa Signature | SM VT VTR VS RP | 1.43% + $0.05 |
| Visa Signature Preferred | SM VSP RP | 2.20% + $0.05 |
| Visa Infinite (Spend not-qualified) | SM VIN RP | 1.43% + $0.05 |
| Visa Infinite (Spend-qualified) | SM VIQ RP | 2.20% + $0.05 |
Rate Changes for Existing Visa Consumer Credit Fee Programs
Rate Changes for the Product 2 Fee Program
| Product | Fee Descriptors | Existing Rates | New Rates |
|---|---|---|---|
| Visa Traditional | VT PRODUCT 2 | 1.51% + $0.10 | No changes |
| Visa Traditional Rewards | VTR PRODUCT 2 | 1.65% + $0.10 | No changes |
| Visa Signature | VS PRODUCT 2 | 1.65% + $0.10 | No changes |
| Visa Infinite (Spend-not qualified) | VIN PRODUCT 2 | 1.65% + $0.10 | 1.90% +$0.10 |
| Visa Signature Preferred | VSP PRODUCT 2 | 2.10% + $0.10 | No changes |
| Visa Infinite (Spend-qualified) | VIQ PRODUCT 2 | 2.10% + $0.10 | 2.30% +$0.1 |
Rate Changes for the Product 1 Fee Programs - Product 1
| Product | Fee Descriptors | Existing Rates | New Rates |
|---|---|---|---|
| Visa Traditional | VT PRODUCT 1 | 1.89% + $0.10 | No changes |
| Visa Traditional Rewards | VTR PRODUCT 1 | 2.04% + $0.10 | No changes |
| Visa Signature | VS PRODUCT 1 | 2.05% + $0.10 | No changes |
| Visa Infinite (Spend-not qualified) | VIN PRODUCT 1 | 2.05% + $0.10 | 2.20% + $0.10 |
| Visa Signature Preferred | VSP PRODUCT 1 | 2.50% + $0.10 | No changes |
| Visa Infinite (Spend-qualified) | VIQ PRODUCT 1 | 2.50% + $0.10 | 2.60% + $0.1 |
Rate Changes for the Product 1 Fee Programs - Product 1 Tokenized
| Product | Fee Descriptors | Existing Rates | New Rates |
|---|---|---|---|
| Visa Traditional | VT PRD 1 TKN | 1.80% + $0.10 | No changes |
| Visa Traditional Rewards | VTR PRD 1 TKN | 1.95% + $0.10 | No changes |
| Visa Signature | VS PRD 1 TKN | 1.95% + $0.10 | No changes |
| Visa Infinite (Spend-not qualified) | VIN PRD 1 TKN | 1.95% + $0.10 | 2.10% + $0.10 |
| Visa Signature Preferred | VSP PRD 1 TKN | 2.40% + $0.10 | No changes |
| Visa Infinite (Spend-qualified) | VIQ PRD 1 TKN | 2.40% + $0.10 | 2.50% +$0.10 |
Rate Changes for the Product 1 Fee Programs - Product 1 Tokenized
| Product | Fee Descriptors | Existing Rates | New Rates |
|---|---|---|---|
| Visa Traditional | CBPS VT | 1.89% +$0.10 | No changes |
| Visa Traditional Rewards | CBPS VTR | 2.04% + $0.10 | No changes |
| Visa Signature | CBPS VS | 2.05% + $0.10 | No changes |
| Visa Infinite (Spend-not qualified) | CBPS VIN | 2.05% + $0.10 | 2.20% + $0.10 |
| Visa Signature Preferred | CBPS VSP | 2.50% + $0.10 | No changes |
| Visa Infinite (Spend-qualified) | CBPS VIQ | 2.50% + $0.10 | 2.60% + $0.10 |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Telecommunications and Cable
| Product | Existing Fee Descriptors | New Fee Descriptor |
|---|---|---|
| Visa Traditional Visa Traditional Rewards Visa Signature | CPS/RECUR PMT | No changes |
| Visa Infinite (Spend-not qualified) | CPS/RECUR PMT | VIN RCR PMT |
| Visa Signature Preferred | VSP RCR PMT | No changes |
| Visa Infinite (Spend-qualified) | VIQ RCR PMT | No change |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Telecommunications and Cable - Non-tokenized
| Product | Existing Fee Descriptors | New Fee Descriptor |
|---|---|---|
| Visa Traditional Visa Traditional Rewards Visa Signature | CPS/RECUR PMT NT | No changes |
| Visa Infinite (Spend-not qualified) | CPS/RECUR PMT NT | VIN RP NT |
| Visa Signature Preferred | VSP RP NT | No changes |
| Visa Infinite (Spend-qualified) | VIQ RP NT | No change |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Services
| Product | Fee Descriptors | New Rates |
|---|---|---|
| Visa Traditional | VT SERVICES | No changes |
| Visa Traditional Rewards | VTR SERVICES | No changes |
| Visa Signature | VS VIN SERVICES | VS SERVICES |
| Visa Infinite (Spend-not qualified) | VS VIN SERVICES | VIN SERVICES |
| Visa Signature Preferred | VSP SERVICES | No changes |
| Visa Infinite (Spend-qualified) | VIQ SERVICES | No changes |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Services - Non-tokenized
| Product | Fee Descriptors | New Rates |
|---|---|---|
| Visa Traditional | VT SVCS NT | No changes |
| Visa Traditional Rewards | VTR SVCS NT | No changes |
| Visa Signature | VS VIN SVCS NT | VS SVCS NT |
| Visa Infinite (Spend-not qualified) | VS VIN SVCS NT | VIN SVCS NT |
| Visa Signature Preferred | VSP SVCS NT | No changes |
| Visa Infinite (Spend-qualified) | VIQ SVCS NT | No changes |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Product 2
| Product | Fee Descriptors | New Rates |
|---|---|---|
| Visa Traditional | VT PRODUCT 2 | No changes |
| Visa Traditional Rewards | VTR PRODUCT 2 | No changes |
| Visa Signature | VS VIN PRODUCT 2 | VS PRODUCT 2 |
| Visa Infinite (Spend-not qualified) | VS VIN PRODUCT 2 | VIN PRODUCT 2 |
| Visa Signature Preferred | VSP PRODUCT 2 | No changes |
| Visa Infinite (Spend-qualified) | VIQ PRODUCT 2 | No changes |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Product 1
| Product | Fee Descriptors | New Rates |
|---|---|---|
| Visa Traditional | VT PRODUCT 1 | No changes |
| Visa Traditional Rewards | VTR PRODUCT 1 | No changes |
| Visa Signature | VS VIN PRODUCT 1 | VS PRODUCT 1 |
| Visa Infinite (Spend-not qualified) | VS VIN PRODUCT 1 | VIN PRODUCT 1 |
| Visa Signature Preferred | VSP PRODUCT 1 | No changes |
| Visa Infinite (Spend-qualified) | VIQ PRODUCT 1 | No changes |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Product 1 Tokenized
| Product | Fee Descriptors | New Rates |
|---|---|---|
| Visa Traditional | VT PRD 1 TKN | No changes |
| Visa Traditional Rewards | VTR PRD 1 TKN | No changes |
| Visa Signature | VS VIN PRD 1 TKN | VS PRD 1 TKN |
| Visa Infinite (Spend-not qualified) | VS VIN PRD 1 TKN | VIN PRD 1 TKN |
| Visa Signature Preferred | VSP PRD 1 TKN | No changes |
| Visa Infinite (Spend-qualified) | VIQ PRD 1 TKN | No changes |
Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - CBPS
| Product | Fee Descriptors | New Rates |
|---|---|---|
| Visa Traditional | CBPS VT | No changes |
| Visa Traditional Rewards | CBPS VTR | No changes |
| Visa Signature | CBPS VS VIN | CBPS VS |
| Visa Infinite (Spend-not qualified) | CBPS VS VIN | CBPS VIN |
| Visa Signature Preferred | CBPS VSP | No changes |
| Visa Infinite (Spend-qualified) | CBPS VIQ | No changes |
Client-to-Client Fee for Cross-Border Original Credit Transactions
Effective April 14, 2023
Visa will introduce new C2C fee programs applicable to interregional OCTs destined to select Canada proprietary debit products.
| Fee Program | Rate |
|---|---|
| Proprietary Products Enhanced OCTs (Fast Fund) | USD 0.60 |
| Proprietary Products OCTs (Non-Fast Funds) | USD 0.29 |
Updated 6 days ago