This is the percentage or fee that is charged for processing a credit or debit card transaction. The payment processor will set a processing rate to process Visa and/or Mastercard to cover the ‘Interchange Rate’ and make their profit margin.
This is the percentage or fee that is charged for processing a credit or debit card transaction. The payment processor will set a processing rate to process Visa and/or Mastercard to cover the ‘Interchange Rate’ and make their profit margin.