Interchange fees, or “swipe fees,” are a small part of every credit or debit card transaction, but they serve a big purpose. They help fund the systems that guarantee that your credit card can be ...
I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...
Up to 80% of credit card processing fees have nothing to do with the processor’s quoted rate. Instead, the bulk comes from interchange — fixed fees determined by Visa and Mastercard based on how ...
Another B2B firm, according to company records, is saving over $150,000 per month in unnecessary interchange fees — more than $1.8 million annually. At 10x–12x multiples, that translates to an ...