What is Interchange

When it comes to the effective and smooth running of payment systems, Interchange plays a pivotal role in it. The underlying/original cost of credit card sale is interchanged. During a credit card transaction, there are many involved entities such as MSPs (Merchant Service Providers), card-issuing bank, and credit card association (MasterCard, Visa, Discover etc.). These credit card associations are responsible for setting prices on transactions. There is a pre-set rate that exists for every credit/debit card and is paid by the MSPs to the bank. 

Interchange Rates have two significant components: 

  • A per-transaction fee

  • A percentage fee of your sales’ volume

MasterCard/Visa interchange rates are written in the following format: 
2.00% + $0.10 

What is Interchange-Plus Pricing?

It works in a way that interchange is added by a constant, flat margin – it is something that we will constantly keep you informed about. It also has two important components: per-transaction fee added over interchange and a percentage fee. If you look at some of the fairest models out there, this model will surely top the list. With this model, MSPs are enabled to price their accounts in a fair manner. 

Given the fact that this model provides utmost transparency, Monero Payment Solutions prides itself on providing all the details to our clients on various areas that are used to generate profit for our company. Hence there are absolutely no hidden fees involved. At the end of the day, you’ll know exactly what you spent, how much you saved, and how much went to Monero Payment Solutions. 

Examples of Interchange-Plus Pricing

In order to ensure that you fully understand the whole process, we are creating some fictional sales. So, let’s get started:

Debit Card


Let’s assume that Monero Payment Solutions is running your $25 restaurant sale. There will be three components to keep an eye on:

  • Interchange Fees will be 0.05% + $0.22
  • Card Association Fees will be 0.12% + $0.02
  • Monero Payment Solutions Margin will be 0.25% + $0.10
  • Total Fees will be 1.78% or $0.45
Hence, on a sale of $25, you will be paying a total of 1.78%.




MasterCard Merit III Card


Let’s assume that Monero Payment Solutions is running your $35 sale. There will be three components to keep an eye on:

  • Interchange Fees will be 1.58% + $0.10
  • Card Association Fees will be 0.12% + $0.02
  • Monero Payment Solutions Margin will be 0.25% + $0.10
  • Total Fees will be 2.58% or $0.90
Hence, on a sale of $35, you will be paying a total of 2.58%.




Visa Rewards Card


Let’s assume that Monero Payment Solutions is running your $100 sale. There will be three components to keep an eye on:

  • Interchange Fees will be 1.65% + $0.10
  • Card Association Fees will be 0.13% + $0.12
  • Monero Payment Solutions Margin will be 0.25% + $0.10
  • Total Fees will be 2.25% or $2.25
Hence, on a $100 sale, you will be paying a total of 2.25%.





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