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.
Typically, the Visa MasterCard Interchange rate will be written like this:
1.95% + $0.10
The tables are complex, but the important thing to remember when viewing them is that every provider is subject to the same rates and fees. No matter how big or small a company is, if credit cards are being accepted, everyone is playing by the same rules.
Tags: interchange rates
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