Upload one of your latest statements and we will create a custom no-obligation audit of your interchange charges to see if you are paying more than you have to. With our processing fee consulting expertise, we will evaluate your costs and help ensure you are paying the lowest possible processing fees.
Every card a business accepts has a price of acceptance set by the card brands. This is called the interchange rate.
The interchange rate is determined by a collection of factors, including the card type, one's particular industry and qualifying criteria like the Address Verification Service, the Card Verification Code number and any and all applicable tax rates.
All this data is passed on during the payment process and an interchange rate is automatically set. What every business wants to happen during the payments process is for the interchange rate to be set at the target interchange. The target interchange is the lowest priced interchange rate required to allow a transaction to proceed. Qualpay's experts will audit your statement to identify any discrepancies between your current rates and the target interchange rate, helping ensure you are paying the lowest processing fee for which your business qualifies.
