What is Interchange Plus?

Posted on 2024-02-26

The interchange-plus model is a more detailed and flexible approach to credit card processing rates. In this model, businesses are charged the interchange fee set by the card networks (such as Visa or Mastercard) plus an additional markup or percentage fee set by the payment processor. The interchange fee is the non-negotiable fee that goes to the card-issuing bank, while the processor's markup covers their services.

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