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Interchange Rate Table
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NetworkNetwork ProportionCard TypeCard Type ProportionTotal ProportionCost Rate
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Visa55.00%Consumer (Classic, Gold, Platinum)49.00%26.95%1.07%0.2884%
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Visa55.00%Infinite36.00%19.80%1.34%0.2653%
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Visa55.00%Infinite Privilege5.00%2.75%1.95%0.0536%
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Visa55.00%Corporate10.00%5.50%1.80%0.0990%
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Mastercard35.00%Consumer (Core)60.00%21.00%0.90%0.1880%
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Mastercard35.00%Premium (World)27.00%9.45%1.19%0.1125%
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Mastercard35.00%High-Spend (World Elite)5.00%1.75%1.52%0.0266%
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Mastercard35.00%Super Premium (Muse)2.00%0.70%1.61%0.0113%
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Mastercard35.00%Corporate6.00%2.10%2.00%0.0420%
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AMEX8.00%OptBlue100.00%8.00%1.60%0.1280%
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Discover2.00%Core Reward58.00%1.16%1.18%0.0137%
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Discover2.00%Premium32.00%0.64%1.35%0.0086%
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Discover2.00%Premium Plus8.00%0.16%1.96%0.0031%
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Discover2.00%Commercial2.00%0.04%2.00%0.0008%
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100.00%1.2408%
Weighted average rate
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(control)1.24%
(rounded to 2 decimals)
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Notes:
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Assumption for MC: no unsecure card present, 50/50 EMV & contactless
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Assumed all in-person transactions
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Network Fees
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NetworkNetwork ProportionAssessment Fee
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Visa55.00%0.1017%0.0559%
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MC35.00%0.0904%0.0316%
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AMEX8.00%0.1200%0.0096%
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Discover2.00%0.0710%0.0014%
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0.0986%
Weighted average rate
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0.10%
(rounded to 2 decimals)
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Discount Payments' Transparent Markup
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This is all that Discount Payments charges for transaction processing, clearing, settlement, reporting, and customer service.
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There are no monthly fees, no add'l per-transaction fees and no hidden fees of any kind.
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iPlus rate0.16%
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Your "all-in" average Effective Rate estimate
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1.24% + 0.1% + 0.16% = 1.5%
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An "Effective Rate" is your overall average rate after all transactions fees of every kind have been taken into account.
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The cost portion of "cost plus" pricing is Interchange and Network Fees. These change depending on what cards you accept, so we have estimated their proportions.
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Your estimated effective rate above is what can be compared to Square's 2.65% flat rate (for example), so you can see it is an amazing rate!
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Many processors advertise deceptive rates like "as low as 0.90%!". This is deliberately misleading as this is just the Mastercard rate for their Core card tier.
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They neglect to mention how things actually work and all the other fees, including their markup - which they are hiding for a reason.
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Reach out to us to learn more about the "qualified rate" scam that most processors employ.
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Let us know if you have any questions! We would love to explain this to you, we know it can be confusing.
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Thank you!
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