How do Merchant Processors Charge?
In our last post, we explained what Interchange means. That's the basis of all the ways that Merchant Processors charge. So let's do a quick review and explain the other types of programs as well. Interchange (aka Cost, Pass Through) is the cost of the card being run through the system. The rate is set by whoever issued the card. The average currently sits around 1.81% (10/11/2022). For more detail, please go to our previous post for a more in depth explanation. The reas