Interchange Fee Basics

Interchange Fee Basics
  • MasterCard and Visa are competing card associations and have different Interchange fee pricing and qualification schedules.
  • MasterCard and Visa Interchange fees are the single largest component of your merchant discount rate pricing.
  • All banks and merchant processing companies operate from the exact same Interchange fees, Dues and Assessment costs.
  • Card Association Interchange is the fee paid by the merchant to the cardholder's issuing bank for processing a transaction through the system.
  • Interchange fees are priced at the transaction level and depends on the combination of your industry category code, the method by which you accept the card, the card product you accept and sometimes even varies by transaction size.
  • You will likely have card transactions throughout any given day all qualifying at different Interchange fee levels.
  • The Interchange pass through pricing model displayed on this site is by far your best option. Don’t settle for any other rate structure – get all other comparative quotes on the Interchange pricing model.