What is Interchange++?

Interchange++ is a type of pricing most commonly used in Europe and the North America. It’s available for payments made through Visa and Mastercard. It offers more transparency than other pricing types as it shows a more detailed breakdown of your costs.

How does Interchange++ work?

When a card transaction is processed through an acquirer, there are three different cost components:

• The interchange fee that goes to the card issuing bank
• The scheme fee that goes to Visa or Mastercard (first +) 
• The acquirer fee (second +)

How are these fees set?

Typically, interchange fees are around 0.3-0.4% in Europe and 2% in the US. Scheme fees and interchange fees are driven by variables such as the card level (platinum / commercial), by country of merchant and the issuer, merchant segment, transaction type (online payments / in-person payments), and many more.

The fees are decided by the card schemes Visa and Mastercard and are regulated in some countries.

Acquirer fees are set by Adyen and determined by monthly card volume, starting at 0.60% per transaction.