Acquiring
Interchange-plus pricing
Transparent acquirer pricing model that passes interchange and scheme fees through at cost with a fixed processor markup on top.
Under interchange-plus (IC+), the merchant sees the actual interchange and scheme fees on each transaction, plus a fixed processor margin (e.g. interchange + 0.30%). It's the most transparent pricing model and usually the cheapest at scale, because the merchant captures the benefit of lower-cost cards. Blended pricing, by contrast, charges one rate regardless of card mix and pockets the difference.
Related terms
The fee paid by the acquirer to the issuer on every card transaction, set by the schemes.
Fees charged by Visa and Mastercard (or another scheme) to acquirers and issuers on every transaction.
A single flat rate (e.g. 2.9% + 30¢) charged on all card transactions regardless of underlying interchange.
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