Approximately 90% of your cost for payment acceptance fees goes directly to the card issuing banks in the form of interchange fees. Interchange fees can fluctuate due to a multitude of factors. For example:
- There are many card types issued to consumers having a range of rates between 1% & 3% that are assessed depending on the card type presented
- Inefficient processing (not passing the qualification requirements through the interchange system)
- Operational and technical errors at the merchant level
EIRTH, as your Interchange Management Specialty Processor, can help mitigate those interchange fees and create savings opportunities for you by aggressively and proactively managing the interchange and pricing tables at our processor level guiding you toward a more efficient and profitable processing environment.