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Visa uses interchange reimbursement fees as transfer fees between acquiring banks and issuing banks for each Visa card transaction. Visa uses these fees to balance and grow the payment system for the benefit of all participants.
Visa uses interchange reimbursement fees as transfer fees between financial institutions to balance and grow the payment system for the benefit of all participants. Merchants do not pay interchange reimbursement fees; merchants pay "merchant discount" to their financial institution.
Visa uses interchange reimbursement fees as transfer fees between financial institutions to balance and grow the payment system for the benefit of all participants. Merchants do not pay interchange reimbursement fees; merchants pay "merchant discount" to their financial institution.
See detailed breakdowns of the current interchange rates for Visa, Mastercard, Discover®, and Amex. Plus, learn how you can save on interchange fees.
Interchange fees, also known as swipe fees, comprised 70% to 90% of these card processing fees. For businesses that accept card payments from customers, interchange fees affect operating costs, pricing strategies, and their business model.
The latest Visa interchange rates and fees for credit card processing. See all the updates to Visa interchange rates and how much it costs to accept Visa cards.
Interchange fees are figured as a percentage of the total charge in a credit or debit card transaction. These percentages, called interchange rates, are set by credit card networks, such as...
When your bank sends your payment to the retailer’s bank (known as the acquiring bank), a small fee is retained. This is called the interchange fee. Visa doesn’t receive any of this fee.
The average credit card interchange fee varies among the different card brands that most consumers use. Average interchange rates for the four most common credit card brands are as follows: Mastercard: 1.45% to 2.90%; Visa: 1.30% to 2.60%; American Express: 1.80% to 3.25%; Discover: 1.55% to 2.45%
Interchange Fees. The interchange fee is a payment made directly to the card issuer for the swiped transaction.