How it works
The benefits of Visa Easy Payment Service (VEPS)
Enjoy the benefits of higher value transactions compared with cash—the average U.S. consumers spend per Visa purchase is consistently higher than cash.¹
Faster checkout gives your customers a more seamless experience—help reduce long lines for smaller transactions.
Getting started is easy, with no additional fees, registration requirements or new equipment.
- Source: U.S. Visa Payment Panel Study (2Q11 to 1Q12) Visa Payment Panel Study was commissioned by Visa and has been conducted continuously since 1991 by independent research firm TNS among 20,000 respondents annually, ages 18+, and who own atleast one payment card.
Visa Easy Payment Service (VEPS) limits
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 1, 2015, liability for in-store counterfeit fraud have shifted to the party – either the issuing financial institution or the merchant - that has not adopted chip technology.