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What’s the difference between standard and premium cards?
Standard domestic cards encompass consumer cards from Visa, Mastercard, and other leading issuers, whereas premium domestic cards consist of commercial, corporate, or business cards from Visa and Mastercard. The classification of a card as standard or premium is determined by SpeedPay using data obtained from card networks at the time of transaction.
For businesses operating within the European Economic Area (EEA) or the UK, the pricing for SpeedPay card transactions will vary between standard domestic cards and premium domestic cards.
Standard Domestic Cards
- Visa and Mastercard consumer cards
- Cards from American Express, Discover, Diners Club, Maestro, Cartes Bancaires, and UnionPay
Premium Domestic Cards
- Visa and Mastercard cards designated for commercial, corporate, or business use
As a general rule of thumb, expenses that are not for personal use are typically purchased via a commercial, corporate, or business card. Below are some examples:
- If you sell to businesses, they are most likely purchasing through a commercial, corporate, or business card. It does not matter if the card is issued to an individual at the company.
- Sole proprietors often use a commercial, corporate, or business card to purchase supplies or pay for expenses that pertain to their startup or small business.
- Individuals booking business travel or organizing a corporate activity may often use a commercial, corporate, or business card.
We determine whether a card is standard or premium based on the information available from card networks at point of capture. The accuracy of this mapping is regularly reviewed to ensure the appropriate fee is applied to all card transactions.
The European Economic Area (EEA) includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden