Interchange plus pricing is a transparent method of pricing for your credit card processing. Interchange is a fee charged by Visa and MasterCard for processing credit card transactions. When you set your business up on interchange plus pricing, you are receiving the pass through charge from Visa and MasterCard plus the markup for those services. These fees can range from 0.10% to 1.00% and $0.07 to $0.25 per transaction depending on your business volume.
Most credit card processing companies do not offer interchange plus pricing unless the merchant process 500K or more annually in credit card sales. We pride ourselves in offering interchange plus pricing to small and independent business owners who normally would not receive this competitive pricing program. At BankCard Pos, it is a priority for us to provide our merchants with a through understanding of credit card processing rates and interchange pricing allowed for a more informed decision.
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