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What are Interchange, Dues, & Assessments?

April 26, 2017assessments dues interchange

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What are Interchange, Dues, & Assessments?

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Interchange are the fees charged by the issuing cardholder bank passed through from Card/Pay to you the merchant. There are many different types of fee categories for cards from debit and credit to corporate, rewards and commercial cards. In addition, there are different fee categories for different industries (such as hotel and supermarkets) as well as how cards are processed (swiped vs. key entered). Dues & Assessments are the fees charged by Visa and MasterCard. The issuing Banks and Visa/MasterCard are separate organizations. For a complete listing of Interchange, Dues & Assessments please click on the below links.