PHASE 1: RESEARCH BEST-IN-CLASS POS W/ABILITY TO SCALE

INTERCHANGE RATES
Interchange rates are set by the credit card companies and revised periodically. As of early 2020, the average interchange rate for a credit card transaction was 1.81% while a debit card transaction had a rate of 0.3%.

The average interchange rate for a credit card payment is around 1.81%, while the typical interchange for debit cards is 0.3%.

What is a good interchange plus rate?

Interchange-Plus			Pricing Explained
Card Type				Interchange Rate (Swiped)	Interchange Rate (Keyed)
Mastercard Debit Retail Regulated	0.050% + 22¢			0.050% + 22¢
Mastercard Credit Retail Consumer	1.580% + 10¢			1.890% + 10¢
Mastercard Credit Retail World		1.770% + 10¢			2.050% + 10¢
Mastercard Credit Retail World Elite	2.300% + 10¢			2.500% + 10¢

Visa CPS Supermarket Interchange Rate
NOTE: Supermarkets and grocery stores get heavily discounted interchange rates, since these types of sales are rarely disputed.