Credit Card Processors, Merchant Acquirers and their sales agents.
"Interchange is the
wholesale pricing established solely by Visa USA©
and MasterCard
Worldwide© for authorization and settlement of a
credit card transaction. Interchange
serves as the benchmark for which all credit card
processors and or merchant acquirers
must base their merchant pricing.
Interchange is non-negotiable."
With Trilogy’s
Interchange Plus Pricing Program, you pay what we pay
plus a small surcharge. All
Interchange fees assessed for your account are passed
directly on to you. It really is that simple!
There are many different Interchange rates based on the following factors.
- Type of Business (Restaurant, Retail, Hotel, Car Rental, etc)
- Card Type (Debit Card, Consumer Card, Rewards Card, Corporate Card, etc)
- How the card is accepted by the merchant (Face-to-Face, Non Face-to-Face)
Each month your merchant
statement will provide a detailed outline of the
different types of credit cards
received by your business. These Interchange Categories
include Card Type, # of Transactions, Card
Volume and the Interchange Fee associated with a card
type.
Don't be fooled by
tiered pricing or low teaser rates. Simply
put, it is the most profitable pricing
format for the credit card sales agent and their
company! Tiered pricing is a simpler concept, but will
cost
you much more in the long run!
To view a complete
listing of the latest Interchange Chart’s as published
by Visa USA© and MasterCard
Worldwide©, click these links:
http://usa.visa.com/merchants/operations/interchange_rates.html
http://www.mastercard.com/us/merchant/support/interchange_rates.html
To learn more about our
Interchange Plus Pricing Program, and how we can save
you money, call
1-800-609-7880 today. We are happy to perform a
free cost analysis on your current processing.