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What Does the Interchange Plus Pricing Mean?

April 26, 2017interchange mean Plus pricing

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What Does the Interchange Plus Pricing Mean?

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Certain providers give merchant account services that are priced through what they call an interchange plus rate. These types of accounts are usually based upon the interchange rate charts put out by Visa and MasterCard Interchanges. The pricing makes a rate that is discounted through the addition of fees, interchange rates, markups, assessments, and other types of cost.