NEED TO KNOW: INTERCHANGE PRICING

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If you’re currently on an interchange pricing structure or considering making the switch from tiered/flat rate to interchange, the below information and chart may prove helpful! Interchange Fees are charged by and paid directly to the card issuing brands such as Visa, Mastercard, Discover and American Express (AMEX).  Interchange pricing is the lowest pricing structure for payment processing, however, it is not as predictable as a flat rate plan.

What is interchange pricing?

Interchange is a credit card industry term used to describe the fee paid for card-based transactions. These fees are charged monthly (or deducted per transaction) to merchants based on the card types ran per transaction. In some cases (American Express), interchange rates can be determined by volume as well as card type. Each card issuing brand has several card types that are available to cardholders, it’s not as simple as “credit” or “debit”.

Not only does each card type come with a specific interchange rate, each interchange rate is also broken down by transaction method. On most interchange rate charts you may see “Card Present” and “Card Not-Present” or “Keyed” descriptors. Card present environments are your typical brick and mortar (retail) stores where a customer makes a transaction in person via a POS stand. Card not present or keyed environments are purchases made when a customer is not physically present, ie. by mail, telephone or over the Internet. Both card type and transaction method determine the interchange rate a merchant may be charged for processing payment.

Is an interchange pricing plan better than a traditional flat rate plan?

Once the interchange rate is determined the card issuer charges the associated fee to the merchant. Depending on your payment services plan you may pay theses fees directly or these fees might be covered under a flat rate. With traditional tiered or flat rate pricing these rates are inflated enough to cover all possible interchange rates. On interchange pricing plans merchants are charged these rates directly, along with a small processing fee. With interchange pricing your rates do not need to be inflated to cover the cost of possible interchange fees, this allows processors to charge a much smaller processing fee or discount rate. This is why eCom Merchant Solutions, Inc. now offers competitive interchange pricing plans for e-commerce businesses, if you want to make the switch click here to apply!

There is no easy way to determine your interchange fees prior to accepting a payment, however, the below rate charts can give you an idea of the possible fees you may come across. The below rates are selections of popular card issuing companies and common card types, for a full list of card types and fees please inquire with the individual card issuer.

Visa    
Card TypeInterchangeCard TypeInterchange
Debit Card-Present Debit Keyed 
Visa Debit CPS0.800 % + 15¢Visa Debit Keyed CPS1.650 % + 15¢
Visa Debit CPS Regulated0.050 % + 22¢Visa Debit Keyed CPS Regulated0.050 % + 22¢
Visa Debit Prepaid1.150 % + 15¢Visa Debit Keyed Prepaid1.750 % + 20¢
Visa Debit Business1.700 % + 15¢Visa Debit Keyed Business2.450 % + 10¢
Visa Debit Business Regulated0.050 % + 22¢Visa Debit Keyed Business Regulated0.050 % + 22¢
Credit Card-Present Credit Keyed 
Visa CPS Retail1.510 % + 10¢Visa Keyed CPS Retail1.800 % + 10¢
Visa Rewards Traditional1.650 % + 10¢Visa Keyed Rewards Traditional1.950 % + 10¢
Visa Rewards Signature2.300 % + 10¢Visa Keyed Rewards Signature2.700 % + 10¢
Visa Rewards Signature Preferred2.100 % + 10¢Visa Keyed Rewards Signature Preferred2.400 % + 10¢
Visa Corporate2.500 % + 10¢Visa Keyed Corporate2.700 % + 10¢
Visa Business2.200 % + 10¢Visa Keyed Business2.250 % + 20¢
Visa Purchasing2.500 % + 10¢Visa Keyed Purchasing2.700 % + 10¢
International 
Visa International1.10%
Visa International Premium1.80%
Visa International Corporate2.00%
Visa International Keyed1.60%
Visa Assessment Fees 
Visa Card-Brand0.14%
Visa NAPF (Network Acquirer Processing Fee)1.95¢
Visa Clearing Access0.25¢
Visa International Cross-Border0.80%
Visa Intl Acquirer Service Fee0.45%

*For a complete list of Visa interchange rates, please click here.

Mastercard    
Card TypeInterchangeCard TypeInterchange
Debit Card-Present Debit Keyed 
MC Debit1.050 % + 15¢MC Debit Keyed1.600 % + 15¢
MC Debit Regulated0.050 % + 22¢MC Debit Keyed Regulated0.050 % + 22¢
MC Debit Prepaid1.050 % + 15¢MC Debit Keyed Prepaid1.760 % + 20¢
Credit Card-Present Credit Keyed 
MC Consumer1.580 % + 10¢MC Keyed Consumer1.890 % + 10¢
MC Enhanced1.730 % + 10¢MC Keyed Enhanced2.040 % + 10¢
MC World1.770 % + 10¢MC Keyed World2.050 % + 10¢
MC World Elite2.200 % + 10¢MC Keyed World Elite2.500 % + 10¢
MC Corporate2.700 % + 10¢MC Keyed Corporate2.700 % + 10¢
Real Estate & Property Management   
MC Real Estate Consumer1.100 % + 10¢  
MC Real Estate Enhanced1.100 % + 10¢  
MC Real Estate World1.100 % + 10¢  
MC Real Estate World Elite2.200 % + 10¢  
MC Real Estate Corporate2.700 % + 10¢  
Charities   
MC Charity Debit (non-regulated)1.450 % + 15¢  
MC Charity Credit2.000 % + 10¢  
International   
MC International1.10%  
MC International Keyed1.60%  
    
Mastercard Assessment Fees   
MC Card-Brand (Under $1,000)0.13%  
MC Card-Brand (Over $1,000)0.14%  
MC ALF (Acquirer License Fee)0.00%  
MC NABU (Network Brand Usage Fee)1.95¢  
MC Account Status Inquiry (on $0 auth)2.500¢  
MC CVC 2 Authorization Fee0.250¢  
MC AVS Authorization Fee1.000¢  
MC Intl Cross-Border Support0.60%  
MC International Cross-Border0.85%  

*For a complete list of Mastercard interchange rates, download here.

Discover Network    
Card TypeInterchangeCard TypeInterchange
Debit Card-Present Debit Keyed 
Discover Debit1.100 % + 16¢Discover Debit Keyed1.750 % + 20¢
Discover Debit Regulated0.050 % + 22¢Discover Debit Keyed Regulated0.050 % + 22¢
Credit Card-Present Credit Keyed 
Discover Consumer1.560 % + 10¢Discover Keyed Consumer1.870 % + 10¢
Discover Rewards1.710 % + 10¢Discover Keyed Rewards1.970 % + 10¢
Discover Premium1.710 % + 10¢Discover Keyed Premium2.000 % + 10¢
Discover Premium Plus2.150 % + 10¢Discover Keyed Premium Plus2.400 % + 10¢
Discover Commercial2.300 % + 10¢Discover Keyed Commercial2.300 % + 10¢
International (Card-Present / Swiped) International (Keyed) 
Discover Card-Present International Debit/Prepaid1.20%Discover Keyed International Debit/Prepaid1.700 % + 10¢
Discover Card-Present International Consumer1.65%Discover Card-Present International Consumer1.700 % + 10¢
Discover Card-Present International Rewards1.65%Discover Card-Present International Rewards1.700 % + 10¢
Discover Card-Present International Premium1.65%Discover Card-Present International Premium1.700 % + 10¢
Discover Card-Present International Premium Plus1.65%Discover Card-Present International Premium Plus1.790 % + 10¢
Discover Card-Present International Commercial1.90%Discover Card-Present International Commercial1.900 % + 10¢
Recurring   
Discover Debit Recurring1.200 % + 5¢  
Discover Debit Recurring Regulated0.050 % + 22¢  
Discover Recurring Consumer1.350 % + 5¢  
Discover Recurring Rewards1.350 % + 5¢  
Discover Recurring Premium1.350 % + 5¢  
Discover Recurring Premium Plus1.800 % + 5¢  
Discover Recurring Commercial2.300 % + 10¢  
    
Assessments and Association Fees   
Discover Card-Brand0.13%  
Discover Data Usage Fee1.95¢  
Discover Data Transmission Fee0.25¢  
Discover International Cross-Border0.80%  
Discover International Processing Fee0.50%  

*Please contact Discover for a complete list of rates.

American Express (OPT BLUE ONLY)  
Card TypeInterchange
AMEX RETAIL <$751.60 % + 10¢
AMEX RETAIL <$10001.95 % + 10¢
AMEX RETAIL >$10002.40 % + 10¢
AMEX SERVICES <$4001.60 % + 10¢
AMEX SERVICES <$30001.95 % + 10¢
AMEX SERVICES >$30002.40 % + 10¢
AMEX RESTAURANT <$251.85 % + 10¢
AMEX RESTAURANT <$1502.45 % + 10¢
AMEX RESTAURANT >$1502.75 % + 10¢
AMEX CATERERS <$251.85 % + 10¢
AMEX CATERERS <$1502.45 % + 10¢
AMEX CATERERS >$1502.75 % + 10¢
AMEX MAIL ORDER & INTERNET <$1501.70 % + 10¢
AMEX MAIL ORDER & INTERNET <$30002.05 % + 10¢
AMEX MAIL ORDER & INTERNET >$30002.50 % + 10¢
AMEX HEALTHCARE <$1501.55 % + 10¢
AMEX HEALTHCARE <$20001.85 % + 10¢
AMEX HEALTHCARE >$20002.30 % + 10¢
AMEX B2B/WHOLESALE <$4001.55 % + 10¢
AMEX B2B/WHOLESALE <$75001.80 % + 10¢
AMEX B2B/WHOLESALE >$75002.25 % + 10¢
AMEX LODGING <$1002.25 % + 10¢
AMEX LODGING <$10002.60 % + 10¢
AMEX LODGING >$10003.00 % + 10¢
AMEX T&E <$1002.25 % + 10¢
AMEX T&E <$10002.60 % + 10¢
AMEX T&E >$10003.00 % + 10¢
AMEX PREPAID <$751.35 % + 10¢
AMEX PREPAID <$10001.70 % + 10¢
AMEX PREPAID >$10002.15 % + 10¢
AMEX OTHER <$1001.50 % + 10¢
AMEX OTHER <$30001.85 % + 10¢
AMEX OTHER >$30002.30 % + 10¢
Assessments and Association Fees 
AMEX NETWORK FEES(Applies to all transactions.)0.15%
AMEX INTL CROSS BORDER FEE(Applies to all international transactions.)0.40%
AMEX KEYED FEE(Applies to all manually keyed transactions.)0.30%

*Please contact American Express for a complete list of rates.

*Interchange fees update biannually, check with the card issuer for the most accurate rates.

10/2019

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