- April 19, 2019
For every card transaction, using a rate made of three components. Firstly, the basis is always the interchange percentage fee. On top of that, a card scheme fee is added, and lastly a fixed percentage is added by the provider. Sum of these three fees is the final rate that the merchant is being charged with for every transaction. The benefit of such pricing model over the fixed blended rate model is full transparency and thus normally results in lower overall fees.