Visa Interchange Rates Updates

In its April 2022 small-business announcement, Visa described a 10% reduction in certain in-store and online consumer-credit interchange rates for eligible U.S. businesses. This article covers that historical announcement. It is not a statement of current pricing or a promise of a 10% reduction in a merchant’s total processing costs.

In April 2022, Visa announced reductions to certain U.S. small-business consumer-credit interchange rates. This historical change concerned eligible interchange categories, not a guaranteed reduction in every merchant’s total processing bill.

Visa’s announcement described eligibility and specific consumer-credit categories. Merchant service fees and other costs were separate from that interchange change.

An interchange fee is the charge a merchant pays to the card-issuing bank every time a consumer swipes their card.

The historical announcement discussed businesses with up to $250,000 in Visa consumer-credit volume. Confirm current eligibility and rates with the acquiring provider; the old threshold is not a current quote.

Visa and Mastercard have seen more consumers turn to online modes of payments, as people use cards to pay for clothes, food, groceries and even leisure spending since the start of the pandemic.

Please contact your sales agent with any questions.