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    What is a common VISA Interchange downgrade?

    EIRF (Electronic Interchange Reimbursement Fee) and Standard are two of the most common Visa Interchange downgrades. They can be applied to card present and card not present credit, debit, and prepaid card transactions.

    The EIRF rate is applied to card transactions that are either missing compliance data elements or are settled within two days of authorization. Standard is applied to card transactions that are settled within three or more days of authorization, or paper processed (paper processing is very uncommon, so most merchants will not downgrade for this reason).

    • What causes EIRF and Standard downgrades?
      • Not settling within two days of the authorization (EIRF) or three days of the authorization (Standard).
      • Submitting transactions with missing data elements.
      • The authorization amount must match the settlement amount except for merchant types that are allowed a variance for tips.

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