What is Interchange Pass Thru Plus Pricing?

This pricing program prices each transaction at its base cost then adds the processing mark-up. With over 160 categories a single transaction can bucket into, this pricing program assures the greatest flexibility in processing venues, and the most accurate lowest per transaction cost versus the standard averaged costing methods traditionally used. Interchange pricing is the pricing method of choice traditionally reserved for high transaction volume merchants, processing extremely high monthly volumes; accepting many types of bankcards, and originating from several card issuing banks.

This program is also best for B2B merchants excepting 90% corporate, commercial, purchasing, or government cards. The reconciliation process may be more complicated in that there will be no set flat rate for each transaction. Monthly transactions are documented in great detail, but depending on the type of cards the merchant is accepting, (i.e. Commercial, Corporate vs. Consumer or Rewards) a interchange pass thru account could yield significant monthly savings in transaction cost, only recognizable by high transaction volume. The lower the transaction volume, the higher the basis point mark-up on the account, which could result in a higher cost that a breakout or flat rate pricing. Annual interchange rate increases do not significantly affect this program, because the increases do not affect every category.