Term – Interchange Fee
How These Interchange Fees Appear on Statements –
Interchange Fee: 1% to 3% + a Flat Fee
Summary – An interchange fee is applicable for traditional merchant processing accounts and but not with a cash discount program. The interchange fee is how the credit card networks like Visa, Mastercard, American Express, and Discover fund their operations. Some business owners opt for innovative programs like the cash discount program to pass these rates to consumers.
If you have any questions on how Eliminate Card Fees can eliminate interchange fees, and all other fees, give us a call to learn more at 877-624-8043Back to Terms
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