For businesses that accept card payments, interchange fees are a significant component of the overall cost structure. Interchange optimization has emerged as the most critical strategic approach to minimize these fees and unlock substantial cost savings. In this...
Interchange Optimization: Are you getting the best rate?
There are many costs associated with accepting credit and debit cards as payment. The largest cost is interchange, and it can represent 70 to 95 percent of the total cost of processing credit and debit cards. Interchange cannot be negotiated but it can be managed. This white paper provides a background on interchange and identifies specific strategies that can be employed by companies to reduce the cost of processing credit and debit card transactions.