Interchange & Pricing

Debit card transaction rates and fees are usually cheaper than credit card transaction fees, but it is still important to understand what they are and exactly how much they are costing your business.

Downgrades are not easy to understand, but they can end up costing you hundreds of dollars in credit card fees per month.

Credit and debit card transactions have a tangible processing fee associated with them that merchants must pay.

Visa’s rates are available here to the public, but since they can be somewhat confusing we’ll go over them in this article.

Pricing is how a processor determines how a merchant will pay the credit card processing fees.

If you run a restaurant, you probably don’t have time to think too much about credit card processing rates.

Interchange downgrades are quite common, but they are avoidable.

Mastercard has a special rate for card-not-present/e-commerce transactions.

MasterCard is the second-most used credit card worldwide, and as a merchant you probably accept it if you accept credit and debit card payments.

Level 3 credit card processing is a payment integration system that works with business-to-business transactions.

American Express is a closed network and so their interchange rates work differently than Visa or MasterCard.

An interchange rate is the rate a card network charges to cover the risk of doing business.

Is Discover really more expensive than card brands like Visa, Mastercard and American Express?

Decoding Hidden Credit Card Processing Fees

An interchange rate is the rate a card network charges to cover the risk of doing business.