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Interchange fees: What they are and how they work
Confused by how interchange fees are calculated? Learn how interchange rates work for different credit and debit cards and how they vary from country to country.
After every credit or debit card transaction, businesses need to pay an interchange fee, also known as an interchange reimbursement fee or interchange rate. Many variables can affect the fee amount, and it can be difficult to determine how much the charges will be.
In this article, we’ll walk you through the factors that impact interchange fees, where you can find the most up-to-date interchange rates, and the regulations that exist to ensure you’re paying a fair price.
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