Banks and card schemes all charge different fees to cover the operational costs of managing their network and processing credit card payments.
There are three cost components for the Interchange++ model:
These costs vary considerably depending on a range of factors, including the:
When you create a MultiSafepay account, we provide an estimate of these costs.
The actual cost of a specific transaction is difficult to predict. Fees differ per transaction, based on factors such as the:
To ensure transparency, payment service providers can choose the Interchange++ pricing model, which breaks down the costs for each transaction. There are no preset prices, instead the fee is calculated based on the total cost of all transactions processed.