Visa & MasterCard Interchange Rate Resources
Visa/MasterCard Interchange rates are set fees that are
charged for every transaction. The same rate is charged regardless of
the size of the merchant. However, many small and mid-sized merchants
may be paying significantly more than just the Interchange rate on each
That's because many merchant acquirers - contracted by the merchant
to handle its card transactions - significantly mark up Interchange
rates to generate extra revenue. With automatic debits from their bank
accounts, small and mid-sized merchants are often not aware of how high
these markups can actually be.
And, often, what initially looks like a "good deal" is not what it appears
to be. A merchant acquirer may quote a low rate for a specific type
of card transaction to "make the sale" - but deliberately neglect to
point out that only a small percentage of transactions qualify for that
low rate... and the remainder are charged at a fee that could be as
much as double or triple the low rate.
Be sure to identify all of the costs you are paying so you know the
total cost of processing. Once you know what goes to the card issuing
bank and Visa/MasterCard versus the merchant acquirer, you can begin
reducing costs that are unnecessarily being paid.
Interchange Rates & Resources