Term: Interchange

« Back to Glossary Index

The simplest definition of interchange is the standardized exchange of authorizations, sales transactions and other payment card related information over MasterCard’s or Visa’s secure network between the merchant’s acquirer bank and the cardholder’s issuer bank.

American Express and Discover do not participate in the interchange process. They have their own alternatives and merchants have to sign a separate agreement to process transactions for either.

« Back to Glossary Index
Get the Best Partner for Your Business
Average Rating:
Total Number of Reviews:
  • September 12, 2017
    Carlos P.
    good service
  • August 15, 2017
    Russell S.
    Very educational
  • July 11, 2017
    John W.
    So when I get my monthly statement I have been getting it from different people. It needs to come from ESP. It gets missed or goes to junk. John Williams
  • May 1, 2017
    Brannan M.
    Great service
  • May 1, 2017
    Justin S.
    Great customer service! Blake handled everything so professionally and swiftly! Would highly recommend them!!!!
Full Star Created with Sketch. Half Star Created with Sketch. Empty Star Created with Sketch.