Understanding Interchange Pricing with Visa and Mastercard: A Consumer’s Guide

Curious about what happens when you swipe your Visa or Mastercard? Interchange pricing is the key—fees merchants pay to your card’s issuing bank for every transaction. For a $100 purchase, a merchant might lose $1.50-$2.50, covering fraud protection and rewards like cashback. These costs can raise prices or add surcharges, impacting your wallet. Learn how card types affect fees and how businesses like Automated Payment Solutions help merchants save, keeping costs low for consumers. Discover tips to shop smarter in our full guide!