Interchange++ (IC++ or Interchange Plus Plus) is a credit card fee structure commonly used in Europe and North America. Mastercard and Visa card networks use this pricing structure to show a detailed breakdown of the costs you incur for accepting Visa and Mastercard payments from customers.
How Interchange++ works
Credit card payment processing involves a few different players, and each has different fees:
- The card-issuing bank (or the issuer) charges an interchange fee
- The first + is the card scheme fee that goes to Mastercard or Visa in exchange for using their network
- The second + is the acquirer markup fee that goes to the acquirer in exchange for acquiring funds from the cardholder
How are interchange fees determined?
Interchange rates are set by card schemes like Mastercard and Visa. Interchange fees and scheme fees are influenced by factors like card type, transaction regionality (domestic or cross-border payments), merchant category code (MCC), and transaction type (online or in-person).
For MONEI X and MONEI Pay plans, the acquirer fees set by MONEI are dynamic. As you sell more, your transaction fees will decrease in real-time. View pricing here.