What is Interchange?
Being able to accept credit cards is a vital part of a merchants’ business today, and there is a cost associated with doing so. The cost of running a credit card, known as interchange, is passed by the card brands. Interchange fees have a direct correlation with how cards are being accepted. To be sure you are being charged the lowest rate possible, you want to make sure your transactions are optimizing.
How does Interchange Optimization Help My Business?
Interchange optimization means obtaining the best rates for business to business (B2B) or business to government (B2G) purchases by passing all information about each transaction. Some of these factors can include transaction size,
Do I Qualify for Interchange Optimization?
The first thing to ask yourself when reflecting on this question is what type of customers/clients you work with primarily. They need to be using B2B or B2G cards to qualify for interchange optimization. Next, the best way to ensure you are hitting