Current US Interchange Rates for 2024

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The term “Interchange rate” refers to the fees charged by banks and card brands for using their cards. These payment card brands include Visa, Mastercard, American Express (AMEX), and Discover. Interchange rates change twice a year – in April and October. Payment processing companies make money by placing a markup at the current interchange rates. This is called cost-plus or interchange-plus pricing. “Interchange” is the card company rate, and the “plus” is the markup of the payment processor. The interchange plus pricing structure offers the lowest effective rates compared to all other pricing structures, including tiered and flat-rate pricing, which can be much more expensive.


Common Visa and MasterCard Interchange Rates 2024

CARD TYPECURRENT INTERCHANGE RATE
Card Type Visa Debit CPSCurrent Interchange Rate 0.80% + 15¢
Card Type Visa Debit CPS RegulatedCurrent Interchange Rate 0.05% + 22¢
Card Type MasterCard DebitCurrent Interchange Rate 1.05% + 22¢
Card Type MasterCard Debit RegulatedCurrent Interchange Rate 0.05% + 22¢
Card Type Visa Credit CPS RetailCurrent Interchange Rate 1.51% + 10¢
Card Type MasterCard Credit Consumer (Merit III Core)Current Interchange Rate 1.65% + 10¢

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Common Visa Interchange and MasterCard Interchange Rates 2024

Card Present Visa Debit Interchange

VISA DEBIT INTERCHANGEVISA INTERCHANGE RATE
Visa Debit Interchange Visa Debit CPSVisa Interchange Rate 0.800% + 15¢
Visa Debit Interchange Visa Debit CPS RegulatedVisa Interchange Rate 0.050% + 22¢
Visa Debit Interchange Visa Debit PrepaidVisa Interchange Rate 1.510% + 15¢
Visa Debit Interchange Visa Debit BusinessVisa Interchange Rate 1.650% + 15¢
Visa Debit Interchange Visa Debit Business RegulatedVisa Interchange Rate 0.050% + 22¢
Visa Debit Interchange Restaurant DEBVisa Interchange Rate 1.19% + $0.10
Visa Debit Interchange Restaurant Debit RegulatedVisa Interchange Rate 0.05% + $0.22
Visa Debit Interchange CPS/Restaurant PrepaidVisa Interchange Rate 1.15% + $0.15
Visa Debit Interchange Supermarket DEBVisa Interchange Rate 0.00% + $0.30
Visa Debit Interchange CPS/Supermarket Debit REGVisa Interchange Rate 0.05% + $0.22
Visa Debit Interchange CPS/Supermarket PrepaidVisa Interchange Rate 1.15% + $0.15
Visa Debit Interchange VISA Utility DEBVisa Interchange Rate 0.00% + $0.65
Visa Debit Interchange Utility Debit REGVisa Interchange Rate 0.05% + $0.22
Visa Debit Interchange Utility Business PrepaidVisa Interchange Rate 0.00% + $1.50
Visa Debit Interchange Utility Business DebitVisa Interchange Rate 0.00% + $1.50
Visa Debit Interchange CPS/Auto Fuel Dispenser DB REGVisa Interchange Rate 0.05% + $0.22
Visa Debit Interchange Hotel Card Present DEBVisa Interchange Rate 1.19% + $0.10
Visa Debit Interchange CPS/E-Comm – Hotel Debit REGVisa Interchange Rate 0.05% + $0.22
Visa Debit Interchange CPS/Hotel CNP PrepaidVisa Interchange Rate 1.75% + $0.20

Card Not Present Visa Debit Interchange

KEYED VISA DEBIT INTERCHANGEVISA INTERCHANGE RATE
Keyed Visa Debit Interchange Visa Debit CPSVisa Interchange Rate 1.650% + 15¢
Keyed Visa Debit Interchange Visa Debit CPS RegulatedVisa Interchange Rate 0.050% + 22¢
Keyed Visa Debit Interchange Visa Debit PrepaidVisa Interchange Rate 1.750% + 20¢
Keyed Visa Debit Interchange Visa Debit BusinessVisa Interchange Rate 2.450% + 10¢
Keyed Visa Debit Interchange Visa Debit Business RegulatedVisa Interchange Rate 0.050% + 22¢
Keyed Visa Debit Interchange E-Commerce – Basic DEBVisa Interchange Rate 1.65% + $0.15
Keyed Visa Debit Interchange CPS/E-Commerce – Basic PrepaidVisa Interchange Rate 1.75% + $0.20
Keyed Visa Debit Interchange Hotel Card Not Present DEBVisa Interchange 1.70% + $0.15

Card Present Mastercard Debit Interchange

MASTERCARD DEBIT INTERCHANGEMASTERCARD INTERCHANGE RATE
MasterCard Debit Interchange MC DebitMasterCard Interchange Rate 1.050% + 15¢
MasterCard Debit Interchange MC Debit RegulatedMasterCard Interchange Rate 0.050% + 22¢
MasterCard Debit Interchange MC Debit PrepaidMasterCard Interchange Rate 1.050% + 15¢
MasterCard Debit Interchange M/C Restaurant DEBMasterCard Interchange Rate 1.19% + $0.10
MasterCard Debit Interchange Restaurant – Debit REGMasterCard Interchange Rate 0.05% + $0.21
MasterCard Debit Interchange MC Restaurant PrepaidMasterCard Interchange Rate 1.19% + $0.10
MasterCard Debit Interchange M/C Supermarket DEBMasterCard Interchange Rate 1.05% + $0.15
MasterCard Debit Interchange Supermarket Base – Debit REGMasterCard Interchange Rate 0.05% + $0.21
MasterCard Debit Interchange MC Supermarket Base PrepaidMasterCard Interchange Rate 1.05% + $0.15
MasterCard Debit Interchange M/C Merit 1 Debit Core Real EstateMasterCard Interchange Rate 0.80% + $0.25
MasterCard Debit Interchange M/C Merit 1 Real Estate PrepaidMasterCard Interchange Rate 0.80% + $0.25
MasterCard Debit Interchange Merit 1 Real Estate – Debit REGMasterCard Interchange Rate 0.05% + $0.21
MasterCard Debit Interchange M/C Petro CAT AFD DEBMasterCard Interchange Rate 0.70% + $0.17
MasterCard Debit Interchange Petroleum AFD – Debit REGMasterCard Interchange Rate 0.05% + $0.21
MasterCard Debit Interchange M/C Petroleum AFD PrepaidMasterCard Interchange Rate 0.70% + $0.17
MasterCard Debit Interchange M/C Utilities BUS DebitMasterCard Interchange Rate 0.00% + $1.50
MasterCard Debit Interchange M/C Utility DebitMasterCard Interchange Rate 0.00% + $0.65
MasterCard Debit Interchange M/C Utility PrepaidMasterCard Interchange Rate 0.00% + $0.65
MasterCard Debit Interchange Utilities – Debit REGMasterCard Interchange Rate 0.05% + $0.21
MasterCard Debit Interchange M/C Utilities Business PrepaidMasterCard Interchange Rate 0.00% + $1.50
MasterCard Debit Interchange M/C Travel Premier Lodging PrepaidMasterCard Interchange Rate 1.15% + $0.15
MasterCard Debit Interchange Travel (Tips) Loading DB REGMasterCard Interchange Rate 0.05% + $0.21

Card Not Present Mastercard Debit Interchange

KEYED MC DEBIT INTERCHANGEMASTERCARD INTERCHANGE RATE
Keyed MC Debit Interchange MC Debit KeyedMasterCard Interchange Rate 1.600% + 15¢
Keyed MC Debit Interchange MC Debit Regulated KeyedMasterCard Interchange Rate 0.050% + 22¢
Keyed MC Debit Interchange MC Debit Keyed PrepaidMasterCard Interchange 1.760% + 20¢

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Card Present Visa Credit Interchange

VISA RETAIL INTERCHANGEVISA INTERCHANGE RATE
Visa Retail Interchange Visa CPS RetailVisa Interchange Rate 1.510% + 10¢
Visa Retail Interchange Visa Rewards TraditionalVisa Interchange Rate 1.650% + 10¢
Visa Retail Interchange Visa Rewards SignatureVisa Interchange Rate 2.300% + 10¢
Visa Retail Interchange Visa Rewards Signature PreferredVisa Interchange Rate 2.100% + 10¢
Visa Retail Interchange Visa CorporateVisa Interchange Rate 2.100% + 10¢
Visa Retail Interchange Visa BusinessVisa Interchange Rate 2.200% + 10¢
Visa Retail Interchange Visa PurchasingVisa Interchange Rate 2.400% + 10¢
CARD PRESENT RESTAURANT INTERCHANGEVISA INTERCHANGE RATE
Card Present Restaurant Interchange Restaurant Consumer CPVisa Interchange Rate 2.10% + $0.00
Card Present Restaurant Interchange Restaurant Consumer CP MinVisa Interchange Rate 0.00% + $0.04
Card Present Restaurant Interchange Restaurant Sign Prefer CPVisa Interchange Rate 2.60% + $0.00
Card Present Restaurant Interchange Restaurant Sign Prefer CP MinVisa Interchange Rate 0.00% + $0.04
CARD PRESENT SUPERMARKET INTERCHANGEVISA INTERCHANGE RATE
Card Present Supermarket Interchange Visa Supermarket QualificationVisa Interchange Rate 1.50% + $0.07
Card Present Supermarket Interchange Visa Supermarket TradVisa Interchange Rate 1.50% + $0.07
Card Present Supermarket Interchange Visa Supermarket RewardsVisa Interchange Rate 1.50% + $0.07
Card Present Supermarket Interchange Visa Supermarket Sign INFVisa Interchange Rate 1.65% + $0.07
Card Present Supermarket Interchange Visa Supermarket Sign PREFVisa Interchange Rate 2.00% + $0.07
CARD PRESENT INSURANCE INTERCHANGEVISA INTERCHANGE RATE
Card Present Insurance Interchange Insurance ConsumerVisa Interchange Rate 1.43% + $0.05
Card Present Insurance Interchange Insurance Consumer rewardsVisa Interchange Rate 1.43% + $0.05
Card Present Insurance Interchange Insurance SignatureVisa Interchange Rate 1.43% + $0.05
Card Present Insurance Interchange Insurance Signature PreferVisa Interchange Rate 2.25% + $0.10
CARD PRESENT FUEL INTERCHANGEVISA INTERCHANGE RATE
Card Present Fuel Interchange Fuel Consumer CreditVisa Interchange Rate 1.15% + $0.25
Card Present Fuel Interchange Commercial Fuel FleetVisa Interchange Rate 2.50% + $0.10
Card Present Fuel Interchange V Level II – Fuel PurchasingVisa Interchange Rate 2.20% + $0.10
Card Present Fuel Interchange V Level II – Fuel CorporateVisa Interchange Rate 2.20% + $0.10
CARD PRESENT UTILITY INTERCHANGEVISA INTERCHANGE RATES
Card Present Utility Interchange Visa UtilityVisa Interchange Rates 0.0% + $0.75
Card Present Utility Interchange Visa Utility – Business CardVisa Interchange Rates 0.0% + $1.50
CARD PRESENT TRAVEL INTERCHANGEVISA INTERCHANGE RATE
Card Present Travel Interchange Travel Services ConsumerVisa Interchange Rate 1.75% + $0.10
Card Present Travel Interchange Travel Services Consumer REWDVisa Interchange Rate 1.95% + $0.10
Card Present Travel Interchange Travel Services Signature PREFVisa Interchange Rate 2.40% + $0.10
CARD PRESENT EDUCATION INTERCHANGEVISA INTERCHANGE RATE
Card Present Education Interchange Education ConsumerVisa Interchange Rate 1.43% + $0.05
Card Present Education Interchange Education Consumer RewardsVisa Interchange Rate 1.43% + $0.05
Card Present Education Interchange Education SignatureVisa Interchange Rate 1.43% + $0.05
Card Present Education Interchange Education Signature PreferredVisa Interchange Rate 2.15% + $0.10
CARD PRESENT HEALTHCARE INTERCHANGEVISA INTERCHANGE RATE
Card Present Healthcare Interchange Healthcare ConsumerVisa Interchange Rate 1.43% + $0.05
Card Present Healthcare Interchange Healthcare Consumer RewardsVisa Interchange Rate 1.43% + $0.05
Card Present Healthcare Interchange Healthcare SignatureVisa Interchange Rate 1.43% + $0.05
Card Present Healthcare Interchange Healthcare Signature PreferredVisa Interchange Rate 2.30% + $0.10
CARD PRESENT ADVERTISING INTERCHANGEVISA INTERCHANGE RATE
Card Present Advertising Interchange Advertising ConsumerVisa Interchange Rate 1.55% + $0.10
Card Present Advertising Interchange Advertising Consumer rewardsVisa Interchange Rate 1.70% + $0.10
Card Present Advertising Interchange Advertising SignatureVisa Interchange Rate 1.75% + $0.10
Card Present Advertising Interchange Advertising Signature PreferVisa Interchange Rate 2.30% + $0.10

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Card Not Present Visa Credit Interchange

KEYED VISA INTERCHANGEVISA INTERCHANGE RATE
Keyed Visa Interchange Visa Keyed CPS RetailVisa Interchange Rate 1.800% + 10¢
Keyed Visa Interchange Visa Keyed Rewards TraditionalVisa Interchange Rate 1.950% + 10¢
Keyed Visa Interchange Visa Keyed Rewards SignatureVisa Interchange Rate 2.700% + 10¢
Keyed Visa Interchange Visa Keyed Rewards Signature PreferredVisa Interchange Rate 2.300% + 10¢
Keyed Visa Interchange Visa Keyed CorporateVisa Interchange Rate 2.950% + 10¢
Keyed Visa Interchange Visa Keyed BusinessVisa Interchange Rate 2.950% + 20¢
Keyed Visa Interchange Visa Keyed PurchasingVisa Interchange Rate 2.950% + 10¢
RESTAURANT KEYED INTERCHANGEVISA INTERCHANGE RATE
Restaurant Keyed Interchange Restaurant Consumer CNPVisa Interchange Rate 2.20% + $0.00
Restaurant Keyed Interchange Restaurant Consumer CNP MinVisa Interchange Rate 0.00% + $0.04
Restaurant Keyed Interchange Restaurant Sign Prefer CNPVisa Interchange Rate 2.70% + $0.00
Restaurant Keyed Interchange Restaurant Sign Prefer CNP MinVisa Interchange Rate 0.00% + $0.04

Visa Charity Interchange Rates

VISA CHARITY NONPROFIT INTERCHANGECURRENT INTERCHANGE RATES
Visa Charity Nonprofit Interchange Visa Debit (Regulated)Current Interchange Rates 0.050% + 22¢
Visa Charity Nonprofit Interchange Visa Charity CreditCurrent Interchange Rates 1.350% + 5¢
Visa Charity Nonprofit Interchange Paypal DonationCurrent Interchange Rates 2.200% + 30¢

Card Present Mastercard Credit Interchange

MC RETAIL INTERCHANGEMASTERCARD INTERCHANGE RATE
MC Retail Interchange MC ConsumerMasterCard Interchange Rate 1.580% + 10¢
MC Retail Interchange MC EnhancedMasterCard Interchange Rate 1.800% + 10¢
MC Retail Interchange MC WorldMasterCard Interchange Rate 1.770% + 10¢
MC Retail Interchange MC World EliteMasterCard Interchange Rate 2.300% + 10¢
MC Retail Interchange MC CorporateMasterCard Interchange Rate 1.900% + 10¢
CARD PRESENT RESTAURANT INTERCHANGEMASTERCARD INTERCHANGE RATE
Card Present Restaurant Interchange World M/C RestaurantMastercard Interchange Rate 1.85% + $0.10
Card Present Restaurant Interchange M/C World Elite RestaurantMastercard Interchange Rate 2.00% + $0.10
CARD PRESENT REAL ESTATE & PROPERTY MANAGEMENT INTERCHANGEINTERCHANGE RATE
Card Present Real Estate & Property Management Interchange MC Real Estate ConsumerInterchange Rate 1.43% + 5¢
Card Present Real Estate & Property Management Interchange MC Real Estate EnhancedInterchange Rate 1.43% + 5¢
Card Present Real Estate & Property Management Interchange MC Real Estate WorldInterchange Rate 1.43% + 5¢
Card Present Real Estate & Property Management Interchange MC Real Estate World EliteInterchange Rate 2.200% + 10¢
Card Present Real Estate & Property Management Interchange MC Real Estate CorporateInterchange Rate 2.650% + 10¢
CARD PRESENT SUPERMARKET INTERCHANGEMASTERCARD INTERCHANGE RATE
Card Present Supermarket Interchange M/C SupermarketMastercard Interchange Rate 1.45% + $0.10
Card Present Supermarket Interchange M/C Enhanced Supermarket BaseMastercard Interchange Rate 1.60% + $0.10
Card Present Supermarket Interchange M/C World Elite SupermarketMastercard Interchange Rate 2.10% + $0.10
CARD PRESENT INSURANCE INTERCHANGEMASTERCARD INTERCHANGE RATE
Card Present Insurance Interchange M/C Merit 1 – INSUMastercard Interchange Rate 1.43% + $0.05
Card Present Insurance Interchange M/C World Merit 1 – INSUMastercard Interchange Rate 1.43% + $0.05
Card Present Insurance Interchange M/C World Elite Merit 1 – INSUMastercard Interchange Rate 2.25% + $0.10
Card Present Insurance Interchange M/C Enhanced Merit 1 – INSUMastercard Interchange Rate 1.43% + $0.05
CARD PRESENT FUEL INTERCHANGEMASTERCARD INTERCHANGE RATE
Card Present Fuel Interchange M/C Petroleum BaseMastercard Interchange Rate 1.90% + $0.00
Card Present Fuel Interchange World M/C Petroleum BaseMastercard Interchange Rate 2.00% + $0.00
Card Present Fuel Interchange World Elite M/C Petroleum BaseMastercard Interchange Rate 2.00% + $0.00
CARD PRESENT UTILITY INTERCHANGEMASTERCARD INTERCHANGE RATE
Card Present Utility Interchange M/C Utility CreditMastercard Interchange Rate 0.00% + $0.75
Card Present Utility Interchange M/C Enhanced UtilityMastercard Interchange Rate 0.00% + $0.75
CARD PRESENT TRAVEL INTERCHANGEMASTERCARD INTERCHANGE RATES
Card Present Travel Interchange M/C Travel Premier – LodgingMastercard Interchange Rates 1.65% + $0.10
Card Present Travel Interchange M/C Travel Premier – VehicleMastercard Interchange Rates 1.65% + $0.10
Card Present Travel Interchange M/C Enhanced Tips – LodgingMastercard Interchange Rates 1.75% + $0.10
CARD PRESENT SERVICES INTERCHANGEMASTERCARD INTERCHANGE RATES
Card Present Services Interchange M/C SVC INDS Incentive PROGMastercard Interchange Rates 1.15% + $0.05
Card Present Services Interchange M/C Enhanced Service IndustryMastercard Interchange Rates 1.15% + $0.05
Card Present Services Interchange World M/C Service IndustriesMastercard Interchange Rates 1.15% + $0.05
Card Present Services Interchange M/C High Value Service IndustrieMastercard Interchange Rates 1.15% + $0.05
CARD PRESENT PUBLIC SECTOR INTERCHANGEMASTERCARD INTERCHANGE RATES
Card Present Public Sector Interchange M/C Public Sector CP CreditMastercard Interchange Rates 1.55% + $0.10
Card Present Public Sector Interchange M/C Enhanced Public Sector CPMastercard Interchange Rates 1.55% + $0.10
Card Present Public Sector Interchange World M/C Public Sector CPMastercard Interchange Rates 1.55% + $0.10
Card Present Public Sector Interchange M/C High Value Public Sector CPMastercard Interchange Rates 1.55% + $0.10
CARD PRESENT B2B INTERCHANGEMASTERCARD INTERCHANGE RATES
Card Present B2B Interchange M/C Commercial Bus To BusMastercard Interchange Rates 2.00% + $0.00
Card Present B2B Interchange M/C CORP Standard BusinessMastercard Interchange Rates 2.95% + $0.10
Card Present B2B Interchange M/C World Business COMM StandardMastercard Interchange Rates 2.95% + $0.10
Card Present B2B Interchange M/C COMM Bus To Bus 2Mastercard Interchange Rates 1.80% + $0.00
Card Present B2B Interchange M/C COMM Bus To Bus 3Mastercard Interchange Rates 1.60% + $0.00
Card Present B2B Interchange M/C COMM Bus To Bus 4Mastercard Interchange Rates 1.40% + $0.00
Card Present B2B Interchange M/C COMM Bus To Bus 5Mastercard Interchange Rates 1.20% + $0.00
Card Present B2B Interchange M/C COMM Bus To Bus 6Mastercard Interchange Rates 1.00% + $0.00

Card Not Present Mastercard Credit Interchange

CARD NOT PRESENT MASTERCARD INTERCHANGEMASTERCARD INTERCHANGE RATE
Card Not Present Mastercard Interchange MC Keyed ConsumerMasterCard Interchange Rate 1.95% + 10¢
Card Not Present Mastercard Interchange MC Keyed EnhancedMasterCard Interchange Rate 2.10% + 10¢
Card Not Present Mastercard Interchange MC Keyed WorldMasterCard Interchange Rate 2.20% + 10¢
Card Not Present Mastercard Interchange MC Keyed World EliteMasterCard Interchange Rate 2.950% + 10¢
Card Not Present Mastercard Interchange MC Keyed CorporateMasterCard Interchange Rate 2.650% + 10¢
CARD NOT PRESENT PUBLIC SECTOR INTERCHANGEMASTERCARD INTERCHANGE RATES
Card Not Present Public Sector Interchange M/C Public Sector CNP CreditMastercard Interchange Rates 1.55% + $0.10
Card Not Present Public Sector Interchange M/C Enhanced Public Sector CNPMastercard Interchange Rates 1.55% + $0.10
Card Not Present Public Sector Interchange World M/C Public Sector CNPMastercard Interchange Rates 1.55% + $0.10
Card Not Present Public Sector Interchange M/C High Value Public Sector CNPMastercard Interchange Rates 1.55% + $0.10

Mastercard Charity Interchange Rates

MASTERCARD CHARITY NONPROFIT INTERCHANGECURRENT INTERCHANGE RATES
Mastercard Charity Nonprofit Interchange MC Debit (Regulated)Current Interchange Rates 0.050% + 22¢
Mastercard Charity Nonprofit Interchange MC Charity Debit (Non-regulated)Current Interchange Rates 1.450% + 15¢
Mastercard Charity Nonprofit Interchange MC Charity CreditCurrent Interchange Rates 2.000% + 10¢
Mastercard Charity Nonprofit Interchange Paypal DonationCurrent Interchange Rates 2.200% + 30¢

Visa International Interchange Rates

VISA INTERNATIONAL INTERCHANGEINTERCHANGE RATE
Visa International Interchange Visa InternationalInterchange Rate 1.100%
Visa International Interchange Visa International PremiumInterchange Rate 1.100%
Visa International Interchange Visa International CorporateInterchange Rate 2.000%
Visa International Interchange Visa International KeyedInterchange Rate 1.600%

Visa Association Fees

VISA ASSOCIATION FEESINTERCHANGE RATE
Visa Association Fees Visa Card-Brand Credit Acquirer Service FeeInterchange Rate 0.1400%
Visa Association Fees Visa Card-Brand Debit Acquirer Service FeeInterchange Rate 0.1300%
Visa Association Fees Visa NAPF (Network Acquirer Processing Fee)Interchange Rate 1.95¢
Visa Association Fees Visa Clearing AccessInterchange Rate 0.25¢
Visa Association Fees Visa International Cross-BorderInterchange Rate 0.8000%
Visa Association Fees Visa Intl Acquirer Service FeeInterchange Rate 0.4500%
Visa Association Fees Visa FANF (Fixed Acquirer Network Fee)Interchange Rate
Visa Association Fees Visa FANF – Card-Present Per LocationInterchange Rate $2/mth
Visa Association Fees Visa FANF – Keyed Volume $1,000 – $3,999Interchange Rate $7/mth
Visa Association Fees Visa FANF – Keyed Volume $4,000 – $7,999Interchange Rate $9/mth
Visa Association Fees Visa FANF – Keyed Volume $8,000 – $39,999Interchange Rate $15/mth
Visa Association Fees Visa FANF – Keyed Volume $40,000 – $199,999Interchange Rate $45/mth

Mastercard International Interchange Rates

MASTERCARD INTERNATIONAL INTERCHANGEINTERCHANGE RATE
MasterCard International Interchange MC InternationalInterchange Rate 1.100%
MasterCard International Interchange MC International KeyedInterchange Rate 1.600%

Mastercard Association Fees

MASTERCARD ASSOCIATION FEESINTERCHANGE RATE
MasterCard Association Fees MC Card-Brand (Under $1000)Interchange Rate 0.1300%
MasterCard Association Fees MC Card-Brand (Over $1000)Interchange Rate 0.1400%
MasterCard Association Fees MC Card-Brand Debit (Over $1000)Interchange Rate 0.1300%
MasterCard Association Fees MC ALF (Acquirer License Fee)Interchange Rate 0.0047%
MasterCard Association Fees MC NABU (Network Brand Usage Fee)Interchange Rate 0.195¢
MasterCard Association Fees MC Account Status Inquiry (on $0 auth)Interchange Rate 2.500¢
MasterCard Association Fees MC CVC 2 Authorization FeeInterchange Rate 0.250¢
MasterCard Association Fees MC AVS Authorization FeeInterchange Rate 1.000¢
MasterCard Association Fees MC Intl Cross-Border SupportInterchange Rate 0.6000%
MasterCard Association Fees MC International Cross-BorderInterchange Rate 0.8500%
MasterCard Association Fees MC – Per Location Annual Fee 2016Interchange Rate $7.50/year
MasterCard Association Fees MC – Per Location Annual Fee 2017+Interchange Rate $15/year

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Interchange Rates FAQ

What is the average interchange fee in the United States?

In the United States, the average interchange fee that merchants pay is roughly 1.81%. For businesses accepting in-person payments at a physical location, the average interchange rate is around 1.71%. For businesses that are accepting payments online, the average interchange rate is 1.91%.

For merchants accepting payments online, the reason for the higher interchange rate is that there is an increased risk of fraud when compared to accepting cards in person.

Who makes money on interchange fees?

Interchange fees are paid directly to the card-issuing bank to cover handling costs, fraud and bad debt costs, and the risk involved in approving the payment. These fees are collected by the merchant’s bank account and paid to the card-issuing bank.

Can you negotiate interchange rates?

No, you cannot negotiate interchange rates under any circumstance. It does not matter which credit card processor you work with; no processor can offer you a lower interchange rate than another. Your business may qualify for Level 3 interchange rates, which lower the cost overall; however, you still cannot negotiate the specific rate.

Who determines interchange rates?

Credit card companies determine interchange rates. These companies are Visa, Mastercard, Discover, and American Express. Historically, Visa and Mastercard set their rates twice per year in April and again in October. Each credit company is in charge of setting interchange rates and some may set their rates once per year.

How do you explain interchange rates?

The term interchange rate refers to the wholesale cost that Visa, Mastercard, Discover, and American Express charge to accept cards. Merchants must pay these fees for every credit and debit card transaction they accept.

How do you calculate interchange rates?

Calculating interchange rates is determined by the transaction scenario (card present or card not present), and card type. They are calculated as a percentage plus an additional fixed amount per transaction. (For example: 1.430% + 10¢). These rates are set by the credit card networks: Visa, Mastercard, Discover and American Express.

How much do issuers make on interchange?

Typically, card issuers earn all of their earnings from interchange fees, which range from 1% to 3% plus a flat fee per transaction.

What is an example of an interchange rate?

An example of an interchange rate is 1.51% + $0.10 per transaction, which is the interchange rate for a retail Visa card-present transaction. Interchange rates depend on the industry, transaction scenario (card present or card not present), and card type.

What is the difference between merchant discount rate and interchange fee?

Interchange fees are charged by credit card companies and are paid to the issuing bank. Those fees are collected by the merchant’s bank account and are paid to the card-issuing bank. A merchant discount rate is the fee merchants charge for payment processing services for debit and credit transactions. The merchant agrees to this rate before accepting payments.