PAYMENT GLOSSARY

Interchange

A fee that is set by the credit card brands and paid to their member banks. Interchange is charged to credit card processors, who pass the cost along to you as part of the discount fee. It makes up the largest portion of credit card processing fees.

Discover more payments terms

View all terms

SWIPESUM.CONSULTING

We help businesses make intelligent payment decisions.

Learn more about Swipesum

audit Your Statements

Start with a free audit of your payments processing statements

Schedule an audit

consultation

Connect with a payments expert and get a free initial consultation

Book consultation