Many businesses often see an Interchange Category called EIRF on their statement. EIRF is an acronym for Electronic Interchange Reimbursement Fee. Ironic because it sounds like a reimbursement to you but is the opposite. EIRF is a transaction interchange rate downgrade from the lowest qualified interchange rate to a far more expensive category.

·         Retail Environment:

i.      Transaction is hand-keyed without AVS information

ii.      Batch was not closed until 72 hours after authorization

iii.      Transaction approved via voice authorization and forced

iv.      Cardholder uses a World Elite, World Business, or World Elite Business Card

·         Restaurant Environment:

i.      Business/Corporate/Purchasing Card transaction

ii.      Same as Retail

·         eCommerce or MOTO (Mail Order/Telephone Order) Environment:

i.      Transaction is hand-keyed without AVS

ii.      Batch not closed daily

iii.      Transaction approved via voice authorization and forced

iv.      Cardholder uses a World Elite, World Business, or World Elite Business Card

·         Supermarket Environment:

i.      Same as Retail

·         Lodging Environment:

i.      Check-In/Out dates are missing

ii.      Folio number is missing

iii.      Settled amount is more than 15% of the authorization amount

iv.      Settled more than 48 hours following Check-Out transaction date

v.      Business/Corporate/Purchasing Card accepted

vi.      Transaction approved via voice authorization

vii.      Cardholder uses a World Elite, World Business, or World Elite Business Card