Nearly all card-present transactions under £25 apply
How it works
Chargeback protection
Visa’s chip card technology helps protect in-store payments against counterfeit cards by generating a unique, one-time code before the transaction can be approved.
Beginning October 1st, 2015, liability for in-store counterfeit fraud will shift to the party – either the issuing financial institution or the merchant – that has not adopted chip technology.
Q + A
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Merchants must belong to one of the eligible Merchant Category Codes (MCCs) to participate (98% of MCCs are eligible).
For more details, refer to the Visa Easy Payment Service for Merchants fact sheet.
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To qualify, a transaction:
- Must be a Visa or Visa Electron transaction
- Must take place at a qualified merchant
- Must be £25 or under if conducted in a face-to-face environment
- Must be £50 or under if conducted in discount stores and supermarkets
- Must be authorised by the card issuer
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No. Merchants do not need to sign up with Visa to participate in the VEPS programme. There is no additional fee.
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Changes to the device are not mandatory, but may be beneficial to streamline transactions. Merchants should work with their acquirer to determine if device changes are needed.
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Merchants using magnetic stripe, chip, and contactless technologies can all benefit from VEPS. All VEPS qualifying transactions follow normal acceptance procedures. The major difference? No signature is required and receipts are only required by request.