Interchange updates: every decrease passes through to you
When a card network lowers interchange, a card brand assessment or a network fee, a RapidCents merchant pays the lower amount from the date it takes effect. Every merchant is priced on interchange-plus: those costs pass through at cost and the RapidCents markup is stated separately, so the full amount of any decrease goes to the merchant.
How a decrease reaches you
Three of the four parts of a card price are set by Visa, Mastercard, American Express and Interac, not by RapidCents. All three pass through at cost.
Interchange, at cost
Interchange is set by the card networks and paid to the bank that issued your customer's card. RapidCents passes it through at the published rate for each transaction, so a lower rate is a lower charge on your statement.
Card brand assessments, at cost
Assessments are the networks' own charges on the volume that crosses them. They appear on your statement at the network's rate, with nothing added, so a reduction is yours in full.
Network fees, at cost
Authorization, cross-border and similar per-transaction fees are passed through as the network bills them. When a network cuts one, the cut appears on your next statement.
Your RapidCents markup, stated separately
The markup is a separate line, agreed in your Fee Schedule. A network decrease does not change it, so no part of the decrease is absorbed into it.
When a network changes a rate
The card network publishes the change to interchange, an assessment or a network fee, and the date it takes effect.
From that date, the new rate applies to the transactions it covers on your account.
Your statement shows the new amount on the interchange, assessment or network fee line. Your RapidCents markup line does not move.
The change is recorded on this page in that month's entry.
Monthly entries
Newest first. No monthly entry has been published yet; the first one will appear here.
Questions about interchange changes
Does RapidCents keep any part of an interchange decrease?
No. Interchange, card brand assessments and network fees pass through at cost, so a decrease lowers what you pay by the full amount. RapidCents earns only the markup stated in your Fee Schedule, and fees for equipment or services, if applicable.
What happens when a network fee goes up?
It passes through at cost in the same way, with no markup added to it. Your RapidCents markup stays as stated in your Fee Schedule.
Where do I see the change on my statement?
On the interchange, assessment or network fee lines, from the date the change takes effect. The RapidCents markup is a separate line and does not move when the networks change their rates.
How often is this page updated?
Monthly. Each entry is dated and the newest is at the top; the date of the latest entry is the date this page was last updated.
How is RapidCents pricing structured?
Every RapidCents merchant is priced on interchange-plus: interchange and card network fees at cost, plus your RapidCents markup, stated in your Fee Schedule, and fees for equipment or services, if applicable. The agreement is month to month, with no fixed term.
Take the next step
Talk to a RapidCents specialist
RapidCents Fee Check reads a processing statement and shows interchange separately from the markup. Upload a statement for an instant breakdown, or open a merchant account and start accepting payments on one account.
- No obligation
- Canadian payment specialists
- Secure statement upload
