Need To Know: Interchange Pricing 2018

If you’re currently on an interchange pricing structure or considering making the switch from tiered/flat rate to interchange, the below chart shows the current interchange pricing from 3 major credit card companies. Interchange Fees are charged by and paid directly to the credit card companies such as Visa, Mastercard, Discover and Amex. Interchange pricing is the lowest pricing structure for payment processing, however, it is not as predictable as a flat rate plan.

 

*Interchange fees typically change twice a year, once in October and once in April.*

 

DISCOVER DEBIT CARD RATES

Card Present – Discover Debit Interchange Rate Keyed – Discover Debit Interchange Rate
Discover Debit 1.10% + $0.16 Discover Debit 1.750% + $0.20
Discover Debit Regulated 0.05% + $0.22 Discover Debit Regulated 0.05% + $0.22

 

DISCOVER CREDIT CARD RATES

Card Present – Discover Credit Interchange Rate Keyed – Discover Credit Interchange Rate
Discover Consumer Credit 1.56% + $0.10 Discover Consumer Credit 1.87% + $0.10
Discover Rewards Credit 1.71% + $0.10 Discover Rewards Credit 1.97% + $0.10
Discover Premium Credit 1.71% + $0.10 Discover Premium Credit 2.00% + $0.10
Discover Premium Plus Credit 2.15% + $0.10 Discover Premium Plus Credit 2.40% + $0.10
Discover Commercial Credit 2.30% + $0.10 Discover Commercial Credit 2.30% + $0.10

 

 

Visa International

Visa International Interchange Rate
Visa International 1.100 %
Visa International Premium 1.100 %
Visa International Corporate 2.000 %
Visa International Keyed 1.600 %

 

VISA DEBIT

Debit Retail Swipe Interchange Rate Debit Keyed Interchange Rate
Visa Debit CPS 0.800 % + 15¢ Visa Debit CPS 1.650 % + 15¢
Visa Debit CPS Regulated 0.050 % + 22¢ Visa Debit CPS Regulated 0.050 % + 22¢
Visa Debit Prepaid 1.150 % + 15¢ Visa Debit Prepaid 1.750 % + 20¢
Visa Debit Business 1.650 % + 15¢ Visa Debit Business 2.450 % + 10¢
Visa Debit Business Regulated 0.050 % + 22¢ Visa Debit Business Regulated 0.050 % + 22¢

 

VISA CREDIT

Retail Swipe Interchange Rate Credit Keyed Interchange Rate
Visa CPS Retail 1.510 % + 10¢ Visa Keyed CPS Retail 1.800 % + 10¢
Visa Rewards Traditional 1.650 % + 10¢ Visa Keyed Rewards Traditional 1.950 % + 10¢
Visa Rewards Signature 2.300 % + 10¢ Visa Keyed Rewards Signature 2.700 % + 10¢
Visa Rewards Signature Preferred 2.100 % + 10¢ Visa Keyed Rewards Signature Preferred 2.300 % + 10¢
Visa Corporate 2.100 % + 10¢ Visa Keyed Corporate 2.950 % + 10¢
Visa Business 2.200 % + 10¢ Visa Keyed Business 2.950 % + 20¢
Visa Purchasing 2.400 % + 10¢ Visa Keyed Purchasing 2.950 % + 10¢

 

Visa Interchange Rate list:

https://usa.visa.com/dam/VCOM/regional/na/us/support-legal/documents/visa-usa-interchange-reimbursement-fees.pdf

 

MASTERCARD DEBIT

Debit Retail Swipe Interchange Rate Debit Keyed Interchange Rate
MC Debit 1.050 % + 15¢ MC Debit Keyed 1.600 % + 15¢
MC Debit Regulated 0.050 % + 22¢ MC Debit Keyed Regulated 0.050 % + 22¢
MC Debit Prepaid 1.050 % + 15¢ MC Debit Keyed Prepaid 1.760 % + 20¢

 

 

MASTERCARD CREDIT

Credit Swipe Interchange Rate Credit Keyed Interchange Rate
MC Consumer 1.580 % + 10¢ MC Keyed Consumer 1.890 % + 10¢
MC Enhanced 1.730 % + 10¢ MC Keyed Enhanced 2.040 % + 10¢
MC World 1.770 % + 10¢ MC Keyed World 2.050 % + 10¢
MC World Elite 2.300 % + 10¢ MC Keyed World Elite 2.950 % + 10¢
MC Corporate 1.900 % + 10¢ MC Keyed Corporate 2.650 % + 10¢

 

MASTERCARD INTERNATIONAL

MasterCard International Interchange Rate
MC International 1.100 %
MC International Keyed 1.600 %

 

MasterCard Interchange Rate list:

https://www.mastercard.us/content/dam/mccom/en-us/documents/merchant-interchange-rates.pdf

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