Interchange is the lubricant to the gears in the transaction process. Interchange rates are based on risk. Debit cards have lower risk, corporate cards have higher risk. Understanding interchange makes you a more savvy merchant. It helps you understand when you are negotiating your merchant account what fees can be adjusted and which cannot.
Visa payment transactions are down 2.5% and cash transactions down 10.9% in the United States. Montise, a leader in payments through mobile devices, is coming to America.
Visa / MasterCard changes in Interchange Pricing – October 2009 . . . For more information call 877.577.3779
Get the money out of your business you need and deserve . . .
Our free credit card terminal allows you, the merchant, to use high speed internet with a dial backup to process your transactions. Do you have trade shows or conferences where you process credit cards?