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Interchange++ (IC++)

Interchange ++ benefits you, it refers to a pricing model where the acquirer will charge a merchant, for every card transaction, using a rate made of three components:

  1. Firstly, the basis is always the interchange percentage fee

  2. On top of that, a card scheme fee is added

  3. and lastly a fixed percentage Acquirer fee is added by the provider.

The sum of these three fees is the final rate that the merchant is being charged with for every transaction. The benefit of such a pricing model over the fixed blended rate model is full transparency, resulting in lower overall fees.

Interchange percentage 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.

0.20% - 1.80% on each transaction

Card scheme fee (+)

Card organisations 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.

0.02% - 0.65% on each transaction

Acquirer fee (+)

A fixed fee is charged for the provision of a card service; this fee already covers the costs of service processing.

Your offered price from the acquiring bank.