Interchange Plus pricing is commonly used by most businesses. The fees vary between processors and business types. We take pride in offering some of the lowest fees.
Richard Madaris
CARDROYALE PAYMENTS AGENCY
254-551-1615
What is Interchange Plus pricing?
Here's how interchange plus pricing works:
Interchange fee:
This fee is set by the card networks and is paid by the business. It's based on the type of card, the size of the transaction, and the business's industry. Interchange fees are typically between 1% and 3% of the transaction cost.
Markup:
This fee is set by the payment processor and is paid by the business. It's usually a small fixed percentage of the transaction plus a flat fee per transaction.
Interchange plus pricing is considered more transparent and cost-effective than other pricing models, such as flat-rate or tiered pricing. Businesses can easily see the exact interchange rate and markup applied to each transaction.
Interchange Plus pricing can be used by any business.
It’s simple and compliant!
We can help you determine if this strategy is suitable for your needs by discussing your business goals. Contact us to learn more.