4 ms·
That's oversimplifying a lot. All of Visa's current interchange rates are listed here: https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-interchange-rei
by dlubarov 10y ago
That's oversimplifying a lot. All of Visa's current interchange rates are listed here: https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-interchange-reimbursement-fees-2016-april.pdf https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-in... (of course the other networks have their own rates)
But that's just interchange (the amount paid to the issuer); merchants also pay a network fee and usually additional fees to their acquirer.
- dangrossman 10y agoNot a lot, just a little. Pages 1-2 are just title pages. Page 3-6 every row shows 0.05%+$0.22, because those are all types of debit cards. Page 7-8 are the ones that apply to swiping a credit card, and only 3 of those rows account for what we're talking about here: retail/supermarket/restaurant. In those rows, we have 4 columns that correspond to how many rewards the cards pay back to the consumer. They max out at 2.4% for any brand's variety of Visa Signature Preferred card, which pay up to 2% cash back.
- deleted 10y ago[deleted]