Just like in previous year the card association has updated or added some the interchange categories. See below. This is all we could find that was changed. What will almost certainly happen as in years past, many ISO and service providers will use this as a reason to charge you more. With our interchange plus pricing arrangement, we do not charge you more for our processing. Do you know how your processing company handles these changes? Maybe it is time to let us help you with a rate review. Call us today, to save for tomorrow.
• Business Standard transactions are now broken down into 3 categories based off of dollar amount.
MasterCard New Categories
• Business Debit/Business Prepaid/Large Market-Healthcare (1.00% + $0.00)
• Business Debit/Business Prepaid/Large Market-Healthcare Maximum (0.00% + $5.00)
First Coast PAYMENTS BLOG
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