Knowledge Category: Interchange
Pricing is how a processor determines how a merchant will pay the credit card processing fees.
Interchange Plus Pricing vs. Tiered Pricing vs. Blended Pricing
All payment transactions attract interchange fees, regardless of the transaction type. An example to consider: “Transaction” may represent a completed sale, or a result of card refused. Both attract an interchange rate, regardless of the processing outcome.
Mastercard Interchange for Restaurants
If you run a restaurant, you probably don’t have time to think too much about credit card processing rates. However, understanding them can only help your bottom line.