transaction fee is more often than not going to be where your real proper the bulk of your profits going to come into play and then in recent years Visa and MasterCard have created new interchange level that’s a little bit lower than retail and restaurant type
transactions because it’s it’s for nonprofits and most of the time when people make a donation to a to a cause they believe in they’re not going to charge that back so there’s very low risk and so they can provide a better interchange rate in recent years also utilities have been able to accept credit cards as a method of payment so they too will have a lower rate on change ecommerce web strands actions on those those are going to be keyed so that would
be a higher rate than your typical retail card established swiped rate so I could be a retail guy right on the corner here but I could also have a website so my retail be one point five four percent for a plain rack card . for a rewards card basis points for a debit card but then when someone buys from my website now it’s going to jump to maybe one point eight percent
to two percent and that’s because the card is not present for those transactions much more opportunity for risk so the association’s that determine interchange would have a higher interchange rate for that now what I’m going to recommend you all do for oberon Property Valuations homework is go to the websites and understand interchange to a greater degree you can go to visa you can go to master card you can go to amex and discover or you can just go straight to google and type in visa interchange and then you’re going to come up with this web address and it’s going to give you the PDF and it’s going to show a breakdown on plane r a debit for the different channels you’re going to see
credit for the different channels you’re going to see credit with reward you’re going to see the corporate card you’re going to see procurement cards you’re going to see all of those different line items on visa mastercard and discover as well now i want to also cut it tiptoe into a little bit of the interchange differences