Interchange Plus or Interchange Pass-Through pricing is the practice of passing through to the merchant the exact fees that the credit card associations charge to accept credit cards plus adding on a specific fixed transaction charge by the merchant processor. This allows for transparency in credit card fee pricing. The more common practice of "rates" actually masks the fees that merchant processors charge and allows for excessive markups for "downgraded" transactions. Those "buckets" of Qualified, Mid-Qualified and Non-Qualified mask the underlying cost to take credit cards. Interchange does away with those buckets and exposes the exact costs to process credit cards.
www.MaxxPaymentSolutions.com
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