--- title: What is Interchange-plus? description: Learn how Interchange-plus pricing provides transparency in credit card processing fees. Discover the benefits, cost breakdown, and how our fee structure works to optimize payment processing. --- Learn how Interchange-plus pricing provides transparency in credit card processing fees. Discover the benefits, cost breakdown, and how our fee structure works to optimize payment processing. 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[Merchant Services](https://knowledgebase.centime.com/support/manage-receivables?hsLang=en-us#merchant-services) July 21, 2025 # What is Interchange-plus? ## Learn how Interchange-plus pricing provides transparency in credit card processing fees. Discover the benefits, cost breakdown, and how our fee structure works to optimize payment processing. **Interchange-plus (IC+)** is one of the most transparent and fair ways to charge for payment processing — but it can feel complex at first. This guide breaks down what interchange fees are, what to expect by industry, and how your CentimePay pricing works. There are two components to Interchange+ 1. **Interchange Fee (set by card networks):** Charged by the card-issuing bank (e.g., Chase), this fee varies based on factors like card type (debit, credit, rewards) and transaction method (in-person, online). 2. **Processor Markup:** The fee charged by the payment processor (e.g., Centime) for facilitating the transaction. 👉 *You always pay the true cost of the card + our transparent markup — no hidden fees or bundled rates.* ### **Centime Processor Fees** Centime fees are tiered based on your volume, using the following schedule:  | **Annual Volume** | **Fees** | | --- | --- | | $0 to $1M | Interchange + 0.50% + $0.49 | | $\>1M to $5M | Interchange + 0.48% + $0.49 | | $\>5M to $10M | Interchange + 0.46% + $0.49 | | $\>10M | Interchange + 0.45% + $0.49 | #### **Example fee breakdown** > If Visa's interchange rate for a SaaS subscription i**s 2.10%**, and the processor markup is **0.50% + $0.49**, then the merchant pays: **2.60% + $0.49 total** ### 🏢 Interchange Averages by Industry Here are some **general effective rate estimates** (Interchange + Card Brand Fees) seen in different industries: | **Industry** | **Typical Effective Interchange** | | --- | --- | | Restaurants (Card Present) | ~1.6% – 1.8% | | E-Commerce / Online | ~1.9% – 2.3% | | SaaS / Subscription | ~2.1% – 2.5% | | Retail (In-Store) | ~1.5% – 1.7% | | B2B / Commercial Cards | ~2.2% – 2.7% | 💡 Your actual rates will depend on your card mix and transaction methods. ### 📃 Want to See the Full Interchange Tables? You can always reference official interchange fee schedules from the card networks: - [Visa Interchange](https://usa.visa.com/support/small-business/regulations-fees.html) - [Mastercard Interchange](https://www.mastercard.us/en-us/business/overview/support/merchant-interchange-rates.html) ### ❓ Need Help Understanding Your Rates? CentimePay clients can reach out to their Customer Success Manager for: - A custom **statement review** - An analysis of your **card mix** #### **Conclusion:** Interchange-plus pricing offers a transparent and detailed approach to credit card processing fees, enabling merchants to understand and manage their costs more effectively. 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