Every card transaction incurs fees that the merchant must pay. Compared to conventional price models, Interchange ++ provides greater transparency.
Interchange fee (IC)
Due for every card transaction, this exchange fee is paid by the merchant bank (acquirer) to the customer’s bank (issuing bank). This is why it is also called the “issuer fee”.
Scheme fee (+)
Card organizations such as Visa or Mastercard® charge a fee for handling and processing each transaction; this fee may vary depending on the location, security of the transaction or card type.
Acquirer fee (+)
A fixed fee is charged for the provision of a card service; this fee already covers the costs of service processing.
Interchange and Scheme Fees
Interchange on consumer cards issued within the EEA and used at EEA based merchants is currently capped at 0.20% for Debit and 0.30% for Credit. The UK is no longer treated as a member of the EEA for Interchange qualification.
Card-Present
Card-not-Present
