CPS/Key Entered Prepaid
- Interchange: 1.75% + $0.20
CPS/Key Entered Prepaid is the Visa Interchange Fee for a card not present prepaid card transaction.
- Introduced October 2011
- Single electronic authorization, authorization must include Address Verification (AVS), order number, and customer service number
- Purchase date equal to shipping date and within 7 days of authorization
- Transaction settled on or 1 day after purchase/shipping date
- Settled amount must equal authorized amount, authorization response data included in the settled transaction.
- MO/TO merchants should qualify here.