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Thread: Visa Interchange Programs Effective April 2010
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Old Apr 13, 2010 | 6:33 am
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GUWonder
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Originally Posted by Centurion
Could someone who absolutely understands this Visa document explain in lay person terms what it means. Please no guesss. I would appreciate knowlegable answers. Am I correct that it means the cheapest rate a merchant can get on small transactions is pay 4 cents plus 1.65%?

http://ctlr.msu.edu/download/cashiers/VisaICApr09.pdf
It depends on the merchant and transaction type, but for domestic transactions, you are correct in what it means.

Does this question have something to do with finding a merchant account to run up charges on a card that earns points where the earned points' value exceeds the cost of running the transaction and providing the cash back to the card holder minus the cost of running the transaction?
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