Interchange++ pricing is a transparent fee structure used in card payment processing. It consists of three components: the interchange fee, scheme fee and acquirer fee.
The Interchange and Card Scheme Fees are set by external entities. Rapyd charges a small Acquirer Fee for each transaction.
Interchange (Issuer Fee)
This fee is a percentage of the transaction amount that is paid to the cardholder’s bank (issuer). It varies depending on several factors including the country and transaction type.
With Interchange++ pricing, Rapyd does not mark up these rates.
0.20% – 1.80%
per transaction
Scheme (Visa/Mastercard/AMEX fee)
A percentage of the transaction amount that is charged by the payment method or card network like Visa or Mastercard. This fee covers transaction processing and handling.
With Interchange++ pricing, Rapyd does not mark up these rates.
0.02% – 0.65%
per transaction
Acquirer Fee (Rapyd’s Fee)
Rapyd charges a small fixed fee per transaction to deliver card acquiring and payment processing services.
Our fee is very competitive and can vary based on processing volume and other factors.
Interchange++ pricing is a transparent fee structure used in card payment processing. It consists of three components: the interchange fee, scheme fee and acquirer fee.
The Interchange and Card Scheme Fees are set by external entities. Rapyd charges a small Acquirer Fee for each transaction.
Interchange
(Issuer Fee)
This fee is a percentage of the transaction amount that is paid to the cardholder’s bank (issuer). It varies depending on several factors including the country and transaction type.
With Interchange++ pricing, Rapyd does not mark up these rates.
0.20% – 1.80%
per transaction
Scheme
(Visa/Mastercard/AMEX fee)
A percentage of the transaction amount that is charged by the payment method or card network like Visa or Mastercard. This fee covers transaction processing and handling.
With Interchange++ pricing, Rapyd does not mark up these rates.
0.02% – 0.65%
per transaction
Acquirer Fee
(Rapyd’s Fee)
Rapyd charges a small fixed fee per transaction to deliver card acquiring and payment processing services.
Our fee is very competitive and can vary based on processing volume and other factors.
Transparency: Because Rapyd’s acquirer fee is fixed and transparent, merchants are free to optimise their pricing strategy, for example, by adjusting prices by region to reflect interchange fees.
Cost Effectiveness: Interchange ++ results in lower fees compared to blended rate models.
