Payment Processing Interchange Rates
We're so Transparent, we don't hide behind Interchange rates charged - NO MARKUP.
What Are Interchange Fees?
When a customer pays with a debit or credit card, the bank that issued the card gets a cut of the transaction. This is called the interchange fee (or "wholesale" processing fee). It's meant to cover the banks' operation costs and risk of fraud.
Interchange fees make up the bulk of your total credit card processing fees. There are different rates for different types of cards and transaction categories.
These fees are set by the credit card networks (Visa, Mastercard, Discover, and American Express). Each card association has its own schedule of interchange fees, which you'll find below.
Average Interchange Rates
The typical interchange rate is 1.7% - 2% for credit cards and 0.5% for debit cards.
Here are the average credit card processing fees for the 4 major credit card networks:
- Visa: 1.4% - 2.5%
- Mastercard: 1.5% - 2.6%
- Discover: 1.55% - 2.5%
- American Express: 2.3% - 3.5%
Review some of the most common interchange fees you may encounter for each card association as of April 2021, click links for the most up-to-date fee schedule.
Note: The credit card networks typically update their interchange fees twice a year, in April and October.
American Express’s OptBlue
Don't Do Business without It.
OptBlue is an American Express merchant account pricing model. It’s available to businesses that accept $1 million / year or less in Amex payments.
OptBlue provides potential benefits to businesses in the form of transparency and reduced costs over current American Express’s old One Point pricing.
While technically not called “interchange,” the OptBlue base rates function similarly to Visa and Mastercard interchange fees.
You pay EXACTLY the Bank Card Interchange fee. NO MARKUP! That's True Transparency.
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