Uploaded by: merchantdoctor on Jan 17, 2012
In years past Interchange was top secret and merchant services provider did not want merchants to know
or understand what interchange was and how it affected their merchant services account. Today the word Interchange is used so commonly that it is almost more confusing than before! Besides why should you care what Interchange is? All you want is reliable credit card processing service that is not going to cost you an arm, leg, and that tropical vacation you have been planning right?Well, it is important to know what Interchange is. This is because to know if you are getting a good deal on your credit card processing fees you have to know what the "hard" cost of those credit card processing fees.
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