The unseen cost of payments
Interchange and scheme fees are the biggest cost of electronic payment processing, and they’re affected by a range of complex factors. Learn how to find the most cost-effective payment processing solutions, with practical guidance on adjusting payment routing to achieve this.
* All examples are indicative; real world costs will vary based on region, card type, scheme rules, and other factors
THE ROUTE TO BETTER RATES
Where you route payments affects fees. Routing UK-issued cards through UK entities and EEA-issued cards through EEA entities ensures preferential domestic rates are applied.
ARE YOU SETTLING FOR HIGHER FEES?
To help avoid higher interchange fees, aim to submit settlement requests as soon as possible after the payment, such as 24 hours after the authorization.*
* In certain circumstances, daily batching is not necessary to avoid a penalty fee.
Requirements vary by region or country.
SECURING LOWER RATES
Schemes often incentivize transactions processed with a higher level of security. Additional authentication protocols – such as 3D Secure – can help you secure better rates.
In our example, we show the impact on fees when 3DS authentication is used for an online Mastercard unregulated debit card transaction.