Term: Interchange Plus Pricing

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This is one of four pricing models used by merchant services providers/credit card processors to bill a merchant. This model was originally only offered to the biggest players, but as the market has become more competitive it is being offered to progressively smaller merchants.

Interchange Plus is the simplest pricing model to understand. Interchange Plus basically itemizes the Interchange Fees and separately shows the mark-up (say 1%) and lists them on your statement. This does make for a rather long and complicated statement. While the transparency of Interchange Plus makes it seem like it is the best deal, the merchant should consider the sum total of all fees.

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