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More Information on Our Interchange Cost Plus Program

Mar 1 2019

The INTERCHANGE COST PLUS PROGRAM is a highly regarded program which is available to business owners through One Source pos, Inc. in these noted categories. This program enables merchants to save on excess charges, as opposed to those which are typical with the standard 3-Tier Processing Program.

How the Program works:

There are many different types of VISA and MasterCard credit cards used in the processing industry: Each charging a different processing fee, ranging from 0.9% to 3.40%.

The Interchange-Cost Plus Program has been designed to charge the exact Base Processing Rate with a fixed profit to the Credit Card Processor. The type of Credit Card and the manner in which it is processed determines the Processing Rate.

For Example:

If a credit card base rate is 0.9%; under the 3-Tier Program, this card would be charged a typical Qualified Rate of 1.79% to the Merchant. However, under the Interchange-Cost Plus Program, you will be charged the allocated Interchange Rate of 0.9% on that particular Transaction.

The fixed profit will then be calculated to the total Processing Amount for the month. It’s that simple.

In comparison:

  • The 3-Tier Credit Card Processing Rate Averages: 2.73% nationally
  • The Interchange-Cost Plus Program Rate Averages: 2.34% nationally

The Savings to the average Merchant on the Cost Plus Program would be approximately 0.39%.In addition, the Interchange-Cost Plus Program protects the Business Owner from paying excess profits to the Processor for the life of the contract.

Generally, Visa/MasterCard revises their rates every April. When this takes place, your rates will align to the same increase or decrease issued by Visa/MasterCard.

Note: There is a “Per Item Fee” (Transaction Fee) which is applicable to all Transactions.

You can count on One Source pos, Inc. to ensure your costs are kept to a minimum and your Quality of Service is always to the highest standard.

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