Charitable and Social Service Organizations can benefit from HostMerchant Services and the credit card processing solutions specially made for these helpful organizations. Aside from exceptional service and targeted focus, HMS also provides a low rate exclusively made for these benevolent institutions.

In October 2011, Visa introduced the Consumer Credit Card Charity Interchange Rate Program for charitable organizations. This program only covers organizations with the Merchant Category Code (MCC) of 8398. The interchange rate for this particular program is 1.35% + $0.05.

This program will have processing requirements similar to that of the current CPS Retail 2 Program (the interchange which used to be available to charitable contributions):

  • Transaction can either be key-entered or full magnetic stripe read.

  • For any transaction settled within one day of authorization, the authorization response data will be incorporated in the settled transaction.

  • Transaction must be performed using MCC 8398.