Interchange-plus pricing is the most transparent pricing model a processor can provide. With this model, the power is given to you, the customer, and provides you with a straightforward explanation of card processing fees.

The word “interchange” describes the rates that come directly from the card networks and every merchant pays interchange fees, which varies based on the type of card your customer is using.

The “plus” is what a credit card processor charges for their service. This appears on a statement as a very small percentage markup and a minimal transaction cost.