What is the difference between standard and premium cards?

Standard cards include most standard MasterCard & VISA credit and debit cards.

Premium cards include most AMEX, corporate and specialty rewards credit cards.

How can I identify that a client has used a premium card?

We cannot fully confirm whether or not your client's card is a standard or premium card before it is processed. We are only able to determine this after payment processing occurs and the transaction is complete.

Unfortunately, credit card companies do not disclose this information, nor do they publish lists of their standard vs premium cards. The lack of information means we cannot provide guidelines on all the different cards in the market.

Why does Ignition make a distinction between card types?

Most of the fees paid for payment processing go to the credit card networks. The fees charged by the credit card networks are highly variable, based on card type.

By having two tiers of pricing (Standard and Premium), we can offer the most competitive rates for most cards (Standard cards) while also offering the most choice to customers (by accepting Premium cards too).

Identifying a standard vs premium credit card charge in Ignition

Once the credit card transaction has been processed, we provide as much transparency as we can in the specific invoice and also the Payments tab to identify any premium transactions.

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