Interchange + + explained

So you have your physical store or online shop all set and now it's time to search for the right Acquirer / Payment Service Provider, great !

They probably offered you IC++ ("Interchange plus plus") pricing model.

This industry sometimes generates terms which are so complex and even intimidating to the ones who are new to this world of#PaymentSolutions...

Here is an infographic with the attempt to explain IC++ pricing model in simple words, from a funny point of view, while also introducing to the basic relationships in the industry.

Hope it makes it clear :-)

Quick Tip -

When you ask the Acquirer to predict how much you will pay, keep in mind it will probably never be accurate. Interchange fees, as well as the Scheme fees, are fees calculated per transaction and depends on the jurisdiction, amount, merchant industry (MCC), card program, transaction type and many other parameters...