Interchange rates are the true costs of all card types in the payment processing spectrum. The Interchange pricing merchant account services program will pass through the real interchange cost of any Visa Mastercard Discover Amex or PIN based debit rate and add a small basis points percentage and per transaction processor fee above the interchange rate. The interchange pass thru pricing model is the most cost effective program for a business owner.
Every merchant account will have to stay compliant by completing a SAQ Self Assessment Questionnaire every year or they will be charged a monthly PCI non compliance fee. PCI monthly & annual fees may still apply to a merchant account based on PCI Tier level of business.
