Interchange++
Interchange fee
Each time a card transaction happens, the merchant’s bank pays a fee to the customer’s bank, known as the “issuer fee”.
on each transaction
Card Scheme fee
Visa and Mastercard® charge fees for processing transactions, which can based on location, transaction security, and card type.
0.02% – 0.65%
on each transaction
Acquirer fee
You’ll be charged a set fee for using the card service, which already includes all the processing costs.
Your offered price from KOICOMS
Understanding Interchange And
How It Works
When you use your card to buy things, the shop has to pay fees. Interchange ++ makes these fees clearer.
It splits the costs into three parts: interchange fee, Card Scheme fee, and acquirer fee (also called KOICOMS fee).
| Visa/MC EEA Interchange Fees | Visa/MC EEA Scheme Fees | |
|---|---|---|
| Domestic/Regional Debit | 0.20% | 0.02% – 0.12% |
| Domestic/Regional Credit | 0.30% | 0.02% – 0.12% |
| Corporate/Premium Cards | 1.25% – 1.90% | |
| Cards issued outside EEA | 1.50% – 1.80% | 0.55% – 0.65% |
| Cards issued within EEA | 0.02% – 0.15% |
In the Interchange ++ model, merchants pay interchange and Card Scheme fees directly. The rates vary by country and transaction type, like B2B or Transport, with some countries charging a max fee of 0.01 EUR. Check the card schemes’ interchange fees for your market using the links provided below.
What Is The Interchange++ Fee Structure (IC++)?
Interchange ++ is a pricing model where a merchant pays three fees for each card transaction: interchange percentage, card scheme fee, and a fixed provider fee. This model offers transparency and often lower fees compared to a fixed blended rate.
Interchange++ Examples
The acquirer fee is the price KOICOMS offers you. For instance, in this example, they offer a price of IC++ 1.00% from KOICOMS.
| Interchange Fees | Scheme Fees | Acquirer fee | Final average rate | |
|---|---|---|---|---|
| EU E-commerce merchant. Buyer card from EEA. | 0.20% – 0.30% | 0.02% – 0.15% | IC++ 1.00% | 1.40% |
| EU MOTO merchant. B2B corporate credit cards. | 1.25% – 1.80% | 0.02% – 0.15% | IC++ 1.00% | 2.70% |
| EU High Risk merchant selling to US clients. | 1.50% – 2.80% | 0.55% – 0.65% | IC++ 1.00% | 3.50% |
Advantages Of IC++ Over Blended Pricing
Transparency
Clearly separates fees.
Cost Efficiency
Can be cheaper for varying transactions
Customisation
Allows tailored pricing
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