Commercial card Definition.

Business or corporate card issued for business expenses. It is exempt from the IFR interchange caps, so interchange rates are often between 1.3% and 2%, passed on in the MSC. It is also one of the few cases where surcharging remains legal in some EU countries.

See also

→ Interchange→ Surcharging→ Interchange Fee Regulation (IFR)

Where this term appears

GuideThe PSD2 framework contract and conduct-of-business rulesGuideB2B payments around the worldGuideCommercial cards and business expense paymentsGuidePayment cardsGuideInterchange and feesGuideRunning payments by the numbers: the KPIs that drive decisionsCourseManaging interchange and merchant feesCourseReducing your decline rateCourseNegotiating your card acceptance contract

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