Do you know what interchange is?

Interchange is the fee that is paid directly to Mastercard, Visa, Amex for processing of a transaction. There is a specified rate that is charged for different types of credit cards i.e. rewards card vs. business card, or debit card vs. credit card. The rate is based upon the relative risk and cost of the card being processed but who cares about risk and cost.
Where this is important to you is that you should be paying processing fees based on interchange plus a small premium. Credit card processors try to hide their high premiums in a discount rate (fee) for processing different kinds of transactions. This makes if more difficult for you to find out how much of a premium you are paying.
Who really has time to look at your processing fees anyway?
Use the calculator below to see what you could be saving by making a change.
Why pay more than you have to?
Credit card processing is something that costs you every month. Most businesses rarely review their processing fees to make sure they are getting the best possible pricing. We have entered into a partnership with Swipetec to provide transparency and savings to our practices.
Enter in your monthly processing details in the calculator below to see what our partner can save you in your processing fees.
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