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What is Interchange?: The Cost of Accepting Credit Cards

TRAVEL RETAIL НОTEL DEBIT NO YES CREDIT What is your INDUSTRY? Is the card VISA Using a DEBIT OR BUSINESS CARD? CREDIT? AMERICAN EXPRESS OTHER AIRLINE CARD MASTER CARD BRAND? Using a REWARDS CARD? YES DISCOVER NO Was this an ONLINE PAYMENT? Using a PIN-ENTRY DEBIT CARD? NO NO NO Was the YES CARD YES SWIPED? SMALL What's the SIZE? NORMAL Was transaction SETTLEMENT DELAYED? WHAT IS INTERCHANGE? Interchange is the largest component of fees that businesses pay to accept credit YES NO NO cards. YES When a credit card is swiped the transaction is classified into an interchange Was there an AVS MATCH? category based on more than a dozen variables. The resulting rate ranges from 0% to 5%. Credit card processors collect interchange fees from merchants and pass them on to banks that issue credit and debit cards, Interchange CATEGORY along with a markup for their services. FEE FIGHTERS NO YES Was the CARDHOLDER PRESENT? YES TRANSACTION LARGE

What is Interchange?: The Cost of Accepting Credit Cards

shared by kevin on Mar 23
This defines what fees companies must pay to accept credit cards, and what makes up these interchange fees.


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