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