The base rate that all credit card service providers must pay to the card issuer (Visa, Mastercard, Amex, Discover, etc) and card processor for every credit card transaction a merchant makes. There are over 300 interchange pricing categories based on what type of card and how it was processed. Service providers then add varying degrees of profit on top of interchange, this is where rates vary and merchants can save money based on which service provider they use.
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