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Interchange refers to the fee collected by the customer’s bank card financial institution (Visa, MasterCard, Amex, and many others…) during each transaction. These premiums are established by charge card providers and utilize to each processor during the payments field.
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Think about the interchange price since the wholesale Value the processor must shell out on each bank card transaction. Interchange charges are Element of Payline’s interchange-in addition pricing strategies. We just pass about the wholesale Value from the card issuer and then incorporate on a little transparent price. Recent bank card interchange rates:
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