Interchange Plus Pricing. Current best effective rate / basis points?
Need a Funder or Vendor? START HERE

Results 1 to 22 of 22

Hybrid View

  1. #1
    Senior Member Reputation points: 30747
    Join Date
    Aug 2016
    Posts
    486

    So looking at my newest statement for March.. I calculated an effective rate of 1.442. Last month I calculated it at 1.523. Is that normal for it to change that much month to month?

    32,122.98 Sales
    463.22 Deducted
    equals 1.442 Effective rate

  2. #2
    Senior Member Reputation points: 12878
    Join Date
    Jan 2016
    Posts
    435

    Quote Originally Posted by Winning View Post
    So looking at my newest statement for March.. I calculated an effective rate of 1.442. Last month I calculated it at 1.523. Is that normal for it to change that much month to month?

    32,122.98 Sales
    463.22 Deducted
    equals 1.442 Effective rate
    You might have processed more debit cards than credit cards that month, usually debit has less fees built in per transaction

  3. #3
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,903

    Interchange Rates

    Quote Originally Posted by Winning View Post
    So looking at my newest statement for March.. I calculated an effective rate of 1.442. Last month I calculated it at 1.523. Is that normal for it to change that much month to month?

    32,122.98 Sales
    463.22 Deducted
    equals 1.442 Effective rate

    Sure, there a numerous Interchange Rates, review your detailed Merchant Statement,
    it will show you the various card types you accepted.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

Similar Threads

  1. Replies: 0
    Last Post: 01-31-2018, 11:39 AM
  2. Replies: 0
    Last Post: 06-28-2016, 02:18 PM
  3. Replies: 3
    Last Post: 05-24-2016, 03:55 PM
  4. Live Radio Merchant Cash Advance Leads On a Pay Per Call Basis
    By Direct Media Power in forum Promotions
    Replies: 2
    Last Post: 02-02-2016, 09:58 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Charlotte launches biz loan marketplace
Fora hits origination milestone
Maxim promotes F. Rodriguez


DIRECTORY