Interchange Plus Pricing
You pay the true wholesale cost of each transaction set by the card networks plus a small, clearly defined merchant markup. It’s a simple and transparent model that keeps your processing costs predictable.
What Is Interchange‑Plus Pricing?
Interchange‑plus pricing is a simple, honest way to bill for credit and debit card transactions. Instead of bundling fees into confusing rates or tiers, this model breaks costs into three clear parts:
Interchange Fee – Set by the card brands and paid to the cardholder’s bank.
Assessment Fee – A small percentage charged by the card networks.
Processor Markup – A flat, transparent fee added by your payment processor.
With interchange‑plus, you see exactly what you're paying and where your money goes—no hidden rates, no surprises.
How It Works (Example)
For a $100 sale using a consumer credit card:
Interchange: ~1.65% + $0.10 = $1.75
Network Assessment: ~0.11% = $0.11
Processor Markup: 0.20% + $0.10 = $0.30
Total Cost: $2.16 (2.16%)
Most of this goes to the card-issuing bank and card network. Your processor earns only the agreed-upon markup—keeping pricing clear and competitive.
Why Choose Island Payment Solutions?
True Interchange‑Plus Pricing – No blended rates or hidden fees.
Clear Markup – We only charge a small, flat processor fee above wholesale cost.
Secure, Modern Technology – EMV, NFC, and mobile wallet compatible.
Real-Time Support – Speak to a live, U.S.-based expert when you need help.
Custom Fit – We tailor our solutions to your business type, volume, and goals.
