What is the interchange ++?
Interchange++ is a type of pricing most commonly used in Europe and North America. It’s available for payments made through Visa and Mastercard, and offers more transparency than other pricing types by showing a more detailed breakdown of your costs.
How does Interchange++ work?
When a card transaction is processed through an acquirer, there are three different cost components.
- The Interchange fee that goes to the bank that issued the card
- The scheme fee that goes to Visa or Mastercard (first +)
- The acquirer fee (second +)
How are these fees set?
Scheme fees and Interchange fees are driven by variables such as the card level; platinum or commercial; by country/region of merchant and the issuer; merchant segment; transaction type (online payments / POS payments), and many more.
The fees are set by the card schemes Visa and Mastercard and are regulated in some countries/regions.
Acquirer fees are set by Adyen and determined by monthly card volume, starting at 0.60% per transaction.
The average total fee of an Interchange++ transaction for consumer cards in Europe is 1%.
All exact fees can be found on your monthly invoice.
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