{"id":529,"date":"2013-09-30T07:49:55","date_gmt":"2013-09-30T11:49:55","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=529"},"modified":"2013-09-30T09:42:12","modified_gmt":"2013-09-30T13:42:12","slug":"understanding-interchange-rates-credit-card-fees","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/understanding-interchange-rates-credit-card-fees\/","title":{"rendered":"Understanding Interchange Rates &#038; Credit Card Fees"},"content":{"rendered":"<div id=\"attachment_549\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/09\/7113235069_68b50508eb_o.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-549\" class=\"size-medium wp-image-549\" alt=\"Merchant Services Rates and Fees\" src=\"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/09\/7113235069_68b50508eb_o-300x225.png\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/09\/7113235069_68b50508eb_o-300x225.png 300w, https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/09\/7113235069_68b50508eb_o.png 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-549\" class=\"wp-caption-text\"><a href=\"http:\/\/www.flickr.com\/photos\/9731367@N02\/7113235069\/\">Credit: Flickr<\/a><\/p><\/div>\n<p>Credit card processing involves three separate cost components for vendors who choose to accept this type of payment from customers for goods or services. The same cost components apply to debit cards. Only one cost component is negotiable.<\/p>\n<p>The first component is an interchange fee, 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. Types of cards include debit and credit, while categories of cards refer to commercial and reward cards. Processing methods include whether a card is swiped or manually keyed. Swiping a card is usually more economical for vendors.<\/p>\n<p>Secondly, an assessment fee is 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>The final charge is known as a processing fee. 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. More credit card information: <a title=\"Interchange Rates &amp; Credit Card Fees.\" href=\"http:\/\/credit-card-processing-review.toptenreviews.com\/\">TopTenReviews<\/a><\/p>\n<p>Jeremy is a tech blogger at TopTenReviews. He lives outside Salt Lake City, Utah<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit card processing involves three separate cost components for vendors who choose to accept this type of payment from customers<\/p>\n<div id=\"more-button\"><a class=\"btn btn-more excerpt-more\" href=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/understanding-interchange-rates-credit-card-fees\/\">Continue Reading<\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,122,50,19,11],"tags":[334,341,335,81,15,82,337,338,340,27,107,86,339,99,212,336],"class_list":["post-529","post","type-post","status-publish","format-standard","hentry","category-best-practices-for-merchants","category-credit-card-processing-2","category-electronic-payments-2","category-merchant-services-account","category-visa-mastercard-american-express","tag-accept","tag-assessment","tag-cost","tag-credit-card-processing","tag-debit-cards","tag-fees","tag-flat-rate","tag-interchange","tag-keyed","tag-payment","tag-processing","tag-rates","tag-swiped","tag-swiping","tag-transaction","tag-volume"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/529","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=529"}],"version-history":[{"count":2,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/529\/revisions"}],"predecessor-version":[{"id":550,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/529\/revisions\/550"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}