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How is the interchange fee different from the merchant fee? Can I take cards for 0.3%?
by noja 8y ago
How is the interchange fee different from the merchant fee? Can I take cards for 0.3%?
- nimish 8y agoThe interchange fee is what's paid between banks. Your payment processor (Stripe, Paypal, Square, WorldPay etc) essentially act as middlemen who occasionally provide extra value. Depending on your volume and their product offering you could get interchange + pricing.