{"id":3781,"date":"2016-11-30T10:42:53","date_gmt":"2016-11-30T15:42:53","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=3781"},"modified":"2023-04-21T10:56:26","modified_gmt":"2023-04-21T14:56:26","slug":"understanding-interchange-rates-fees","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/understanding-interchange-rates-fees\/","title":{"rendered":"Understanding Interchange Rates &#038; Fees"},"content":{"rendered":"<p><strong>Understanding Interchange Rates &amp; Fees<\/strong><\/p>\n<p><em><strong>Credit card processing involves three separate cost components: \u00a0<\/strong><\/em><\/p>\n<p>For vendors who choose to accept this type of payment, from customers for goods or services.<\/p>\n<p>The same cost components apply to debit cards. Only one cost component is negotiable.<\/p>\n<p><strong>The first component is an interchange fee,<\/strong> which is payable to the card holder\u2019s issuing bank. It is a combination of a transaction volume percentage fee and a flat-rate transaction fee. Interchange fees are collectively agreed upon through Visa and MasterCard by a card\u2019s issuing bank and are fixed costs.<\/p>\n<p>Interchange fees take into consideration various information about a card. <em><strong>Types of cards<\/strong> <\/em>include debit and credit, while categories of cards refer to commercial and reward cards. Processing methods include whether a card is <em><strong>swiped or manually keyed<\/strong><\/em>. Swiping a card is usually more economical for vendors.<\/p>\n<p><strong>The second component is an assessment fee,\u00a0<\/strong>charged by the card\u2019s brand holder. Brand holders include Visa, MasterCard and Discover. Assessment fees are also fixed costs. Additionally, Visa charges a monthly fee.<\/p>\n<p><strong>The final charge is known as a processing fee<\/strong>. Processing fees vary among processors and is negotiable. Vendors are charged a processing fee, which can cause a difference in cost from one vendor to another.<\/p>\n<p><strong>For your <a href=\"https:\/\/www.nationaltransaction.com\/\">electronic payments <\/a>need give us a call 888-996-2273<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding Interchange Rates &amp; Fees Credit card processing involves three separate cost components: \u00a0 For vendors who choose to accept<\/p>\n<div id=\"more-button\"><a class=\"btn btn-more excerpt-more\" href=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/understanding-interchange-rates-fees\/\">Continue Reading<\/a><\/div>\n","protected":false},"author":2,"featured_media":3764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,139],"tags":[199,21,437,15,13,27,2975,212],"class_list":["post-3781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-practices-for-merchants","category-travel-agency-agents","tag-bank","tag-credit-card-2","tag-customers","tag-debit-cards","tag-electronic-payments","tag-payment","tag-reward-cards","tag-transaction"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/3781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=3781"}],"version-history":[{"count":5,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/3781\/revisions"}],"predecessor-version":[{"id":4968,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/3781\/revisions\/4968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media\/3764"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=3781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=3781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=3781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}