What is the difference between Interchange ++ and Blended pricing?

There are two types of pricing models available, Interchange ++ and Blended. The main difference between the models is how the fees are charged.

• Interchange ++ pricing breaks down all the costs of card processing into three sections: the interchange fee, the scheme fee and the processing fee.
• Blended pricing groups all these fees together: this includes interchange fees, card associations fees and processor charges. In this model, merchants get a single fee without a breakdown.

Understanding the fees

1. The interchange fee is charged to Cashflows by the customer's issuing bank. This figure varies depending on the type of transaction and card used.
2. The scheme fee is charged by the schemes (Visa, Mastercard) to Cashflows for using their systems.
3. The processing fee is a fixed cost that is charged to the merchant by Cashflows for use of our services.