Once all required documentation has been received, a new account setup can typically be completed within 2-3 business days. However, there are exceptions.
Card Brand Fees, also known as Card Association Fee, are the fees that are paid to Visa, MasterCard, and Discover. These are also commonly referred to as NABU fees (Network Access and Brand Usage).
There are hundreds of different Interchange rates. Interchange rates will always have two components – a percentage fee of the volume of the sale, and a per-transaction fee.
Interchange is the base cost of a credit card sale. There are many entities involved whenever you process a credit card transaction.
Interchange are the rates that are set by Visa, MasterCard, and Discover for processing payments by credit cards. Interchange-Plus pricing works by adding a constant, flat margin on top of Interchange rates. Interchange-Plus is the definitely the fairest pricing available to merchants. Why? If you can’t see how much transactions cost your provider, you can’t know what they’re charging you.