Interchange Plus Pricing

This often leads to lower costs when compared with other forms of pricing such as tiered or bundled. But what IS interchange plus pricing, exactly? And is it the best pricing model? In this article, we’ll explain interchange plus in detail and take a look at the benefits. What is interchange plus? Interchange plus is …

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Interchange Rates and Fees

Often shortened from “interchange reimbursement fees,” interchange refers to a set of categories that are used to determine the rates for individual card transactions. Every category has requirements for eligibility and a rate associated. Those rates change at the card brands’ discretion, typically twice a year. Interchange can be a complex topic. For the purposes …

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Effective Rate for Credit Card Processing Fees

For businesses searching for a new merchant account without actual processing data, the effective rate should be interpreted as a general indicator of cost-effectiveness — not as a precise measurement. However, it is still extremely important in determining the best processing solution. Basics of Effective Rate and Processing Fees Varying interchange fees make predicting the exact …

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