What is the interchange plus fee structure (IC++)?
Interchange++ is a transparent pricing model where the merchant pays a fee made up of three simple components for every card transaction:
Interchange Fee – the base cost set by the card-issuing bank.
Card Scheme Fee – the fee charged by the card networks (Visa, Mastercard, etc.).
Acquirer Fee (Hips Fee) – a small fixed percentage added by the payment provider.
These three fees combined create the final rate charged for each transaction.
Compared to traditional “blended rate” pricing, Interchange++ offers full transparency and often lower overall processing costs.
Why Merchants Prefer Interchange++
Why Merchants Prefer Interchange++
In person average cost 1.50% 1.80% Includes everything
Keyed & online average cost is 2.30-2.70% includes everything
Understanding Interchange
Each time a card payment is processed, certain fees are charged.
With Interchange++, these fees are clearly separated into: