Card payment processing requires complex coordination between various third parties. These include the cardholder's bank‚ the card scheme‚ and an acquirer – the bank or financial institute which acquires funds for a business from their customer. When deciding on how much to charge their clients for each transaction‚ payment providers have to factor in all of these elements‚ as well as include a fee for their services.
Blended pricing and Interchange++ are two of the most widely used pricing models offered for card transactions. The main difference is the level of transparency in the billing process. Each model also offers their own benefits‚ which we'll explore further below.
Let's start by looking at Interchange++.
Card payment processing requires complex coordination between various third parties. These include the cardholder's bank‚ the card scheme‚ and an acquirer – the bank or financial institute which acquires funds for a business from their customer. When deciding on how much to charge their clients for each transaction‚ payment providers have to factor in all of these elements‚ as well as include a fee for their services.
Blended pricing and Interchange++ are two of the most widely used pricing models offered for card transactions. The main difference is the level of transparency in the billing process. Each model also offers their own benefits‚ which we'll explore further below.
Let's start by looking at Interchange++.
Card payment processing requires complex coordination between various third parties. These include the cardholder's bank‚ the card scheme‚ and an acquirer – the bank or financial institute which acquires funds for a business from their customer. When deciding on how much to charge their clients for each transaction‚ payment providers have to factor in all of these elements‚ as well as include a fee for their services.
Blended pricing and Interchange++ are two of the most widely used pricing models offered for card transactions. The main difference is the level of transparency in the billing process. Each model also offers their own benefits‚ which we'll explore further below.
Let's start by looking at Interchange++.
Card payment processing requires complex coordination between various third parties. These include the cardholder's bank‚ the card scheme‚ and an acquirer – the bank or financial institute which acquires funds for a business from their customer. When deciding on how much to charge their clients for each transaction‚ payment providers have to factor in all of these elements‚ as well as include a fee for their services.
Blended pricing and Interchange++ are two of the most widely used pricing models offered for card transactions. The main difference is the level of transparency in the billing process. Each model also offers their own benefits‚ which we'll explore further below.
Let's start by looking at Interchange++.