4 ms·
Our merchant bank gives us interchange plus pricing, so we see all the rates. We see about 30 different categories on our monthly statements. It is not until
by jcampbell1 13y ago
Our merchant bank gives us interchange plus pricing, so we see all the rates. We see about 30 different categories on our monthly statements. It is not until we get the statement that we know what is going on. I don't think it is possible to know the rate before doing the transaction.
Here is a link to the interchange rates for Visa (10 pages of rates):
http://usa.visa.com/download/merchants/visa-usa-interchange-reimbursement-fees-april2013.pdf http://usa.visa.com/download/merchants/visa-usa-interchange-...
- rahimnathwani 13y agoThank you. Page 4 of that doc makes it much clearer. It seems like the fees paid to the issuer of a Visa credit card can vary by up to ~1% dependent on the scheme. One more question: when you say 'interchange plus pricing', is the 'plus' uniform across all transactions (i.e. the same $ or the same % or the same %+$)?