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  • Payment Network Qualification Matrix

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Payment Network Qualification Matrix Effective April 2014 Table of Contents New, easy-to-use navigation. Click on any hyperlinked item below to view the corresponding pages. Preface . . . . . . .

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How to fill out the Payment Network Qualification Matrix online

The Payment Network Qualification Matrix is essential for understanding the interchange programs associated with various card types. Filling out the matrix accurately is crucial for ensuring that your transactions qualify for the best rates available.

Follow the steps to complete the matrix effectively.

  1. Click the ‘Get Form’ button to obtain the Payment Network Qualification Matrix and open it for editing.
  2. Begin by entering your general business information. This typically includes your business name, address, and contact details.
  3. Locate the section that specifies the interchange program that your business is interested in. Review the eligibility requirements for each program.
  4. Fill in the specific details related to the payment methods you wish to utilize. This may include selecting card types and noting any required qualifications.
  5. Complete any additional fields that may request data related to transaction volumes, anticipated sales, or services provided.
  6. Once all sections have been filled, review your entries to ensure accuracy and completeness before saving.
  7. Save changes to your document, and you may choose to download, print, or share the filled-out matrix as needed.

For further assistance, don't hesitate to consult with your payment service provider.

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Interchange rates are set by credit card companies such as Visa, MasterCard, Discover, and American Express. With Visa and MasterCard, the rate is set on a semiannual basis, usually in April and then in October. Other credit card companies might set their rates annually.

The typical interchange rate is 1.7% - 2% for credit cards and 0.5% for debit cards....Here are the average credit card processing fees for the 4 major credit card networks: Visa: 1.4% - 2.5% Mastercard: 1.5% - 2.6% Discover: 1.55% - 2.5% American Express: 2.3% - 3.5%

Interchange rates will always have two components: a percentage fee of the volume of the sale, and a per-transaction fee.

IC++ (Interchange plus plus) is one of the most competitive payment pricing models widely adopted across multiple business verticals in Europe, North America and other key regions.

To simplify the cost for merchants, credit card companies compute interchange into flat rate plus a percentage of the sales total (including taxes). In the U.S. alone, billions of dollars are paid out by merchants to cover these fees every year, with the average rate coming out to about 2% of the purchase amount.

You can expect to pay anything from 1.5% to 3.5% with each payment, depending on the credit card your customer uses. There are also transaction fees which usually amount to 1-3% of sales, authorisation fees that take around 1-3p per sale, as well as merchant service fees of 0.25 to 0.35%.

Interchange example: Say I am buying a $100 dollar TV. The merchant might only collect $97 dollars from their bank. The other $3 is split amongst the other parties, including the issuing bank ($2.40), the network ($0.10), and the acquiring bank ($0.50).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232