How Interchange Plus pricing saves you money.
Accept credit and debit cards for lower processing rates because of our transparent wholesale pricing model.
What is Interchange
Plus pricing?
Plus pricing?
Interchange Plus pricing means you get access to the lowest possible interchange rate for each transaction. Union passes on the true cost for each and every transaction you process, and adds our set margin on top for our service.
No surprises. You only pay for what you process and that's it.
No surprises. You only pay for what you process and that's it.
The interchange rate.
The interchange rate is the wholesale cost of a transaction - a variable cost made up of the interchange fees and the card-network fees.
The margin.
Most payment providers won’t tell you their margin, but at Union we break down exactly what your processing fees are made of - including our margin. And with volume-based discounts, the more you process, the more you save.
Businesses average savings of 27% with Union.
You get low processing rates and complete transparency with our honest Interchange Plus pricing.
Understanding the interchange fee.
The interchange fee – or interchange rate – is the true cost for processing a given transaction and is paid to the customer’s bank (not Union).
This fee is determined mostly by the type of card used and how it is processed (in-person vs online). Premium rewards and points cards have higher interchange fees associated with them which are paid to card brands who issue these cards.
