What is Interchange, again?
shared by rmmojado on Dec 28
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FeeFighters uses Interchange Plus pricing in our credit card processor marketplace. This type of pricing has historically only been available to larger merchants, but we’ve made all of the processor...
s on our marketplace abide by interchange plus rules.
Interchange is the set of rules that define how much of a cut the issuing bank (the bank that issued the customers’ credit card, big issuing banks include Capital One and MBNA) gets to keep from the credit card transaction.
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