Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is interchange?

April 26, 2017interchange

0

Posted

What is interchange?

7 Answers

« Previous 1 2

0

Posted

Visa® and MasterCard® charge a processing or “interchange” fee on every sale. Interchange is paid to the cardholder’s issuing institution and reflects processing expenses, including the cost of credit and fraud losses. This fee is determined by the type of card presented (Visa®, MasterCard®, Business Card, Purchasing Card, Corporate Card) and the type of business that is accepting the card (retail business, lodging, mail order, etc.), and the processing environment.

0

Posted

In layman’s terms, think of Interchange as the wholesale cost of Visa and MC processing charges which the Acquirer ‘buys’ from Visa and MC, then marks up and re-sells to you the Merchant.

« Previous 1 2