Interchange-Plus Statement Example

Understanding an Interchange-Plus Statement Example

An Interchange-Plus statement provides a detailed breakdown of your merchant processing fees, separating the interchange fees set by card networks from the processor's markup. This transparency helps merchants understand exactly what they are paying and identify potential savings. If you receive an Interchange-Plus statement, it typically includes interchange fees, assessment fees, and a clearly defined processor markup.

Key Components of an Interchange-Plus Statement

• Interchange Fees: These are fixed fees set by card networks like Visa and Mastercard.
• Assessment Fees: Additional fees charged by the card networks.
• Processor Markup: The fee your payment processor adds on top of interchange and assessment fees.
• Transaction Volume and Count: Details on the number and value of transactions processed.
• Monthly Fees: Any fixed fees such as statement fees or gateway fees.

Reviewing your Interchange-Plus statement carefully can help you spot unexpected charges or opportunities to negotiate better rates. Using a tool like Merchant Statement Scanner allows you to upload and scan your PDF statement for a clear, automated analysis of your fees.

Next Steps to Optimize Your Processing Fees

Start by collecting your recent Interchange-Plus statements and consider scanning them with Merchant Statement Scanner to get an easy-to-understand fee breakdown. Compare your processor’s markup against industry standards and identify any unusual fees. If you find discrepancies or high markups, contact your payment processor to discuss rate adjustments or explore alternative providers.

Related guides in this hub

• Merchant Statement Record Retention Guide
• Merchant Statement Examples by Pricing Model
• Merchant Statement Audit for Bookkeepers
• How to Redact a Merchant Statement Safely
• How to Build a Merchant Statement Benchmark