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They do. https://www.helcim.com/us/visa-interchange-rates/ https://www.helcim.com/us/visa-interchange-rates/
by function_seven 8y ago
They do.
https://www.helcim.com/us/visa-interchange-rates/ https://www.helcim.com/us/visa-interchange-rates/
- timr 8y agoThose are the rates paid by the processor to the bank. They're not the rates paid by the business to the processor. Per VISA's website: "Merchants do not pay interchange reimbursement fees—merchants negotiate and pay a “merchant discount” to their financial institution that is typically calculated as a percentage per transaction." https://usa.visa.com/support/small-business/regulations-fees.html https://usa.visa.com/support/small-business/regulations-fees... It seems logical that VISA doesn't want merchants to be able to determine per-card costs, since this keeps merchants from trying to optimize their fees.
- function_seven 8y agoVisa might not want that, but the merchant provider I linked to offers it as "Interchange+ Pricing" > Our cost-plus pricing helps you save. Thet's Helcim's model. They charge whatever their own cost is, plus a margin. And you can bet that any merchant as large as Kroger won't accept a flat rate or fee for their transactions. They want to pay as little as possible.