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How Interchange ++ works
Every card transaction incurs fees that the merchant must pay. Compared to conventional price models, Interchange ++ entails more work for accounting but provides greater transparency. The costs are broken down into three separate components: interchange fee, system fee and acquirer fee.
With the Interchange ++ model, the interchange and system fees are passed on to the merchant directly. The acquirer cannot affect these rates.
What does Interchange ++ comprise?
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”.
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.
A fixed fee is charged for the provision of a card service; this fee already covers the costs of service processing.