Maximize Your Profits Interchange-Only Credit Card Processing for Success

Interchange: The fee that card issuing banks charge merchants to accept the credit cards, which makes up the lion's share of a merchant's ... Interchange Plus (IC+) is a pricing model for credit card processing, where merchants are billed for processing fees (interchange fees), ... Interchange fees and assessments (which are charged directly by credit card companies) aren't flexible. But the merchant processor's profit markup is.Typically, ... Interchange fees vary by the card issuers and card type and can range from 0.5% to around 2.5%, plus a flat rate of anywhere from 5¢ to about 20¢ per ... In particular, bank-issued credit cards offer a dramatic improvement in the efficiency and availability of consumer credit by shifting credit risk from ... The total rises to 1.71% plus 10 cents for Rewards and Premium cards. Premium Plus credit cards have a rate of 2.15% plus 10 cents. A Commercial card will have ... 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%. Because Interchange++ is a pass-through model, merchants only pay the exact interchange fee that the card issuer charges for each transaction. Neither merchants nor credit card processing companies has any control over interchange fees—they're entirely controlled by the card brands. Banks charge interchange fees to cover transaction processing costs · Set by the credit card brands · Non-negotiable for merchants or processors ...