What is Interchange?

Interchange is the fee schedule established by the card brands, such as Visa, Mastercard, Discover, and American express. These fees vary based on factors such as card type and transaction risk.

Different cards and industries may have different interchange rates. Industries and businesses with higher levels of risk are generally assessed higher interchange rates to reflect that risk.

Card brands maintain a variety of interchange categories, which can vary based on factors such as whether the card is a debit, rewards, business, or international card.