interchange
Interchange rates vary between 0.05% + $0.22 - 3.5% + $0.10
per transaction depending on the type of card.
How Interchange Works
Every day, consumers use over 300 types of credit, debit, business, and reward cards — each with its own rate, known as interchange. These rates, set by the card networks (Visa, Mastercard, Discover, American Express), range from 0.05% to 3.5%, with debit cards typically the lowest and business or reward cards the highest.
Merchants pay these rates on every transaction, especially online purchases, and they tend to increase annually. Interchange rates depend on factors like card type, merchant industry, transaction method (in-person or online), and transaction details such as amount and authorization type.
Learn more:
Interchange fees help cover the costs of processing card payments, maintaining the payment network, and offering services like fraud protection and rewards. They also generate revenue for card networks.
Fees are split between the merchant’s acquiring bank, which handles the payment, and the cardholder’s issuing bank, which provides credit and benefits to the cardholder.
Rates vary by transaction type: higher-risk transactions, like online purchases, usually carry higher fees than in-person ones. Interchange rates are set by the card networks, so merchants have limited control — but with the right solution in place, your costs can drop — and we make it seamless to setup the right account for you based on your business needs.
Understanding these fees is key for merchants, especially those with high transaction volumes, as they directly affect profitability.
For more resources, please visit Visa’s website:
https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-interchange-reimbursement-fees.pdf
Core Benefits
Know exactly where your money goes.
With interchange-plus pricing, the real cost from the card networks and your processor’s markup are shown separately. No hidden fees. No confusion. Just crystal-clear pricing that makes it easy to spot savings and know you’re getting a fair deal.
See every cost, spot every saving.
Because interchange fees and markups are separated, you know exactly what each transaction costs. This visibility lets you track patterns, unlock savings, and make smarter decisions about your payment processing.
Scales with your business.
As your sales grow, interchange-plus pricing helps you keep costs under control. Since fees adjust directly with transaction volume and card types, you only pay what’s necessary — making it a model that grows with you, not against you. The more sales you make, the more you save.
More power to negotiate.
Since interchange fees are fixed by the card networks, the processor’s markup is the part you can control. Interchange-plus pricing makes that markup transparent — and negotiable — giving you the leverage to secure better rates and lower your overall costs.
Because interchange fees are a direct cost, smart payment practices — like accurate data entry, chip-enabled terminals, and fewer chargebacks — can lower your fees. The result? Reduced processing costs and higher profits for your business.
Calculate your actual savings:
info@smartpay.la
Smartpay is a payments service provider specializing in credit card processing solutions for retail and online businesses.
Our mission is to provide every merchant the opportunity to lower their credit card processing fees, with traditional interchange plus pricing or to eliminate their fees altogether, with our dual-pricing program.
Our team of merchant specialists will design the best savings option for your business so you can accept all payments and eliminate all processing fees.
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