Commercial Card-Not-Present Interchange

isa offers a credit card that is tailored to the needs of businesses. Visa Corporate is a commercial credit card that features spending data reports, employee convenience, and benefits like Auto Rental Collision Damage Waivers, Travel and Emergency Assistance Services, and Cardholder Inquiry Service. Commercial cards are popular with businesses primarily because it enables companies to analyze how much employees are spending and where they are spending corporate funds in detail.

A “card-not-present” transaction is a transaction that is either keyed in or done online—that is, not run through a terminal. These types of transactions have higher interchange rates because there is a higher risk of fraud.

The interchange rate for this type of transaction is 2.70% and $0.10. To find out more about Visa’s interchange rates, read up here.

Mastercard also offers a Corporate Card. This card also comes with a range of useful commercial services and savings programs,like integrated travel and booking management, expense management and reporting, and card controls; and benefits like emergency card replacement, car rental insurance, and purchase assurance. However, there is no specific rate for commercial card-not-present transactions.