Interchange + Pass-Through
Our 20/20 pricing model shown to the right is simple and affordable for any online merchant. This Interchange + Pass-Through model charges only above what the credit card association (Visa MasterCard, AMEX) is charging depending on the transaction type. We ‘pass through’ the savings onto our customers by not requiring that they are stuck to flat rate fees, even when interchange rates fluctuate.
We go bananas for seeing our clients’ businesses succeed. That’s why we offer the lowest fees on the market with the most robust and easy-to-use gateway. Whether your online business is just getting started or you fulfill thousands of orders per month, our online payment gateway gives you the biggest bang for your buck.
Here’s how the Interchange + Pass-Through model works. It’s simple, transparent and entirely based on the Credit Card Association’s prices shown to the right.
As an example, the Interchange + Pass-Through rate for a $100 transaction* would be:
|Interchange Rate||Pass-Through Rate||Total Transaction Fee||Merchant Cost|
|Consumer Debit Card||1.65% + 15¢||0.20% + 20¢||1.85% + 35¢||$2.20|
|Consumer Rewards Card||1.80% + 10¢||0.20% + 20¢||2.00% + 30¢||$2.30|
|Consumer Prepaid Card||1.75% + 20¢||0.20% + 20¢||1.95% + 40¢||$2.35|
|Business Credit Card||2.45% + 15¢||0.20% + 20¢||2.65% + 35¢||$3.00|
*Using Visa’s 2/2013 eCommerce Card-Not-Present interchange rates