The fee banks charge to cover the expense and risks of a bank or debit card transaction. The bank that funds the transaction is paid the fee, which is determined by calculating authorization costs, fraud and credit losses, and the bank cost funds. The rate is revised regularly.
Related information about interchange rate:
- Interchange fee - Wikipedia, the free encyclopedia
For example, a premium credit card that offers rewards generally will have a higher interchange rate than do standard cards. Transactions made with credit ...
- Visa U.S.A. Inc. Interchange Reimbursement Fees | Merchants | Visa ...
View the interchange reimbursement fees applied on Visa financial transactions completed within the 50 United States and the District of Columbia.
- MasterCard Interchange Rates & Fees | MasterCard
We have included a Merchant Category Guide, as well as the key criteria associated with each interchange rate and a Glossary of Terms, to help you determine ...
- Interchange Rate Definition | Investopedia
A fee charged by banks that covers the cost of handling and credit risk inherent in a bank credit or debit card transaction. Interchange fees are usually paid to the ...
- Visa Interchange Rates April 2012 (pdf format)
lBAM3MVD-312-1'|C_NeI) INTERCHANGE RATE SCHEDULE (Effective April, 2012}. This interchange Rate Schedule contains a summary of the primary ...
- What are Interchange Fees?
An Interchange rate payable when the card is used that is high enough for the card issuing bank to make a profit provides financial incentives for banks to market ...
- MasterCard US and Interregional Interchange Rate Programs
Oct 1, 2011 ... MasterCard has included a Merchant Category Guide, as well as the key criteria associated with each interchange rate and a Glossary of ...
- What is a Good Interchange Plus Rate?
Oct 15, 2012 ... Great information, but for the examples that you mention (Example #1 and Example #2 below), do you include the interchange rate fee or not?