Discover the Benefits of Interchange Passthru Transform Your Credit Card Processing

Banks charge interchange fees to cover transaction processing costs · Set by the credit card brands · Non-negotiable for merchants or processors ... When a company charges the card of a customer, they have to pay processing fees. These include the interchange rate plus the cost from their merchant services ... An example scenario is a Visa consumer card has an interchange rate of 1.42%, and a Visa infinite credit card has an interchange rate of 1.61%. Interchange Pass Through refers to a specific type of pricing applied to a merchant account. It is based on Interchange rates. Industry Whitepaper by Marlon Harris, eMerchant Inc. Most credit card processors simplify the complexity of interchange by bundling merchants' Visa,. MasterCard ... Interchange and card scheme fees represent the two main categories of passthrough fees charged by card networks for processing credit, debit, ... Interchange and association fees are universal. The card-issuing banks and card brands set the rates, with potential revisions twice yearly (in ... Interchange rates are set and regulated by the Payment Card Networks and can vary by card type and method of acceptance. Interchange rates are also subject to ... Because Interchange++ is a pass-through model, merchants only pay the exact interchange fee that the card issuer charges for each transaction. Interchange pass-through pricing is a more transparent and trustworthy pricing model. Your statement plainly shows how the fee for each and every transaction is ...