What is Interchange Pricing, and How Does it Work?

Interchange pricing refers to fees set by card networks that are paid to the issuing bank for each transaction. These fees vary based on card type, transaction method, and risk characteristics.

With interchange-plus pricing, interchange fees are passed through at cost, with an additional markup charged by the processor or service provider. Interchange fees are not negotiable and are updated periodically by the card networks.

Easy Pay Direct does not control interchange rates.