Interchange Plus Pricing

Quotes to accept credit cards from service providers can be difficult to understand and compare with others.  Normally providers will provide you a quote using either Interchange Plus (ICP) or Tier Pricing.

WHAT ARE THE CURRENT INTERCHANGE RATES FOR VISA/MasterCard?

For current Visa Interchange rates, click HERE
For current MasterCard Interchange rates, click HERE

WHAT ARE THE DIFFERENCES BETWEEN TIER PRICING AND INTERCHANGE PLUS PRICING?

TIER PRICING: Merchant service providers using Tier Pricing simply take their Interchange costs and blend it into Qualified, Mid-Qualified and Non-Qualified tiers. Interchange is what all providers pay to Visa/MasterCard, they all pay the same. This allows them to mark-up each tier above their costs to generate additional revenue.

INTERCHANGE PLUS PRICING: Interchange is what Merchant service providers pay Visa/MasterCard for each sale processed using a credit card. All providers pay the same interchange rates, regardless of volume. When your Merchant service provider uses ICP pricing you know exactly how much you are being charged above the providers actual cost to Visa/MasterCard. To stay in business all providers must generate income above their costs to provide other services and support.