Can I collect the interchange fees for each transaction?

[BrianWalczak]

Many companies that use Marqeta apparently make money from interchange fees. Can I collect the interchange fees for each transaction?

[twalson · Accepted solution]

Hi Brian! Thanks for your question in the Community. 

Here is how we explain interchange fees in our Glossary:
Payment networks like Visa and Mastercard determine the interchange fee for processing payment cards transactions. Interchange fees are typically paid by the merchant’s bank (the acquirer) to the customer’s bank (the issuing bank). In the United States, interchange fees average between one and two percent of the transaction (200 bips).

Interchange collected by card programs varies upon many different factors, but it is an opportunity for many of our customers to generate revenue via interchange. 

Thanks,

Tyler

[BrianWalczak]

That's great to hear, thanks Tyler!