DISCOVER® INTERCHANGE PROGRAMS Discover Commercial Programs Program Description Percent Rate DS Commercial Electronic 2.30% $0.10 DS Commercial Base Submission Level 2.95% $0.10 DS Commercial Utilities 0.00% $1.50 DS Commercial Large Ticket 0.90% $20.00 DS Commercial Utilities Debit 0.00% $1.50 For a complete list of US interchange rates, please contact the Discover Card Network. We simply pass on the wholesale cost from the card issuer and then add on a transparent, small fee. Acquirer Interchange and Cash Reimbursement Rates and Fees. March 26, 2020. Per-Transaction Fees. Understand the different types of credit card payment processing fees with our simple pricing breakdown. 1.56% : $0.00 . As of April 17, 2020, the new rate is 2.35% + $0.10 per transaction. Acquirer Interchange Program Core/Rewards Premium Premium Plus Rate Trans Fee Rate Trans Fee Rate Trans Fee CPSL – Recurring Payments 1.37% . Discover more about interchange rates here. In order to receive the Discount Rate associated with a particular tier, the transaction must qualify for one of the Interchange levels included in that tier. Discover Recurring Interchange Rate; Discover Debit Recurring: 1.20% + $0.05: Discover Debit Regulated Recurring: 0.050% + $0.22: Discover Consumer Credit Recurring: 1.350% + $0.05: Discover Rewards Credit Recurring: 1.35% + $0.05: Discover Premium Credit Recurring: 1.35% + $0.05: Discover Premium Plus Credit Recurring: 1.80% + $0.05: Discover Commercial Credit Recurring Card issuers are not permitted to charge more than that for regulated debit cards. Discover Interchange Rates. Discover International Cross-Border (CAD) 0.452 %. Card Type. Discover Interchange Rates. Rate; Discover Consumer: 1.560% + 10¢ Discover Rewards: 1.710% + 10¢ Discover Premium: … Interchange rates are part of Brightr’s interchange plus pricing plans. To learn more about current interchange rates, visit the payment brands' Web sites: Visa; MasterCard; Discover; Interac . Discover interchange fees work similarly to Visa and Mastercard. Interchange Rate: A fee charged by banks that covers the cost of handling and credit risk inherent in a bank credit or debit card transaction. Discover Card-Brand 0.071 %. Retail Core Interchange Category is the Discover Interchange Fee for a core retail credit transaction. more. Region Mastercard Consumer Credit Rates Program Name Core (USD) Enhanced Value (USD) World (USD) World High Value (USD) World Elite (USD) Airline N/A N/A N/A 2.30% + 0.10 China UnionPay Established in March 2002, China UnionPay is a bankcard association established under the approval of the State Council and the People's Bank of China. Established in March 2002, China UnionPay is a bankcard association established under the approval of the State Council and the People's Bank of China. In fact, American Express doesn’t even call their fees interchange, though it’s a similar concept. The current cap is 0.05% + 22 cents per transaction. New to accepting card payments? Current US Discover Interchange rates. Interchange: 1.80% + $0.05 Premium Plus Rewards Recurring Payments Interchange Category is the Discover Interchange Rate for a premium plus rewards card recurring payment credit transaction. When you open a merchant account with us you get the ability to accept Discover cards. Send invoices for easy payment collection or use the virtual terminal. In simpler terms, interchange is the wholesale cost that the processor has to pay on every credit card transaction. Learn more about how to pay for college. Discover Basic Credit — 1.56% + $0.10; Discover Rewards Credit — 1.71% + $0.10; Discover Premium Credit — 1.71% + $0.10 Current US Interchange Rates The term “Interchange rate” refers to the fees charged by the card companies for use of their cards. Discover is one of the most popular credit cards in the U.S. today, alongside tried-and-true favorites like Visa, MasterCard and American Express. To stave off cost increases, organizations will have to be vigilant in understanding the new complexities of the … Everything you need to easily sell your products online. Sources: Visa USA Interchange Reimbursement Fees published on April 13, 2019, Mastercard 2019-2020 U.S. China UnionPay. Securely store credit cards and process payments anytime you need. er. Discover is very popular among consumers for their low introductory rates, no annual fees, great benefits and rewards, and 24/7 American-based customer service. How We Work Interchange rates change twice a year – in April and October. Developer tools give you control and access to your data. Easily add payments to a shopping cart, billing system, or new app. We display Discover's Interchange rates on our website as part of our transparent Interchange Plus pricing. Current Discover USA Interchange Rates. Discover: Discover is increasing their Assessments (a fee that everyone must pay on all processing volume) from 0.13% to 0.14%, in addition to some specific interchange rate increases. What Are Discover Interchange Rates? Discover Debit Regulated. In simple terms, interchange is the basic cost of completing a credit card transaction. See what people have to say about Helcim. Interchange fees or rates are agreed by card schemes but are paid to the issuing bank. Track of your online food orders and customer experience rates change twice year... Along with Visa, and sell products online Helcim Gurus are here share... Fees or rates are part of our merchants stay secure and compliant the lowest interchange rate is %... Must satisfy certain qualification criteria established by the payments networks to know about with... Of US interchange rates cost that the processor has to pay on every transaction and! 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