Interchange processing 

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coolerfreezer111
Posts: 914

Joined: 11/15/2018
Topic  Interchange processing       Flag »  Reply »
Interchange pass through is a fancy industry processing term that refers to a credit card processing pricing scheme that can save your business a lot of money. It functions by flattening a processor's markup and eliminating their ability to surcharge transactions through mid and non-qualified fees.

In order to understand why Interchange processing pass through pricing is so great, you need to understand a little bit about where credit card processing costs come from. So, I'm going to cover the basics quickly, and then I'll show you why pass through is a potential money saver.

The three basic areas of credit card processing cost are interchange, assessments and the processor's markup.
  Wednesday, February 17, 2021 at 8:26:59 AM

Professional Surveyor Boards » General Surveying » Interchange processing

 
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