Current US Interchange Rates for 2023

The term “Interchange rate” refers to the fees charged by banks and card brands for use of their cards. These payment card brands include Visa, Mastercard, American Express (AMEX),and Discover. Interchange rates change twice a year – in April and October. Payment processing companies make money by placing a markup on top of the current interchange rates. This is called cost-plus or interchange plus pricing. “Interchange” is the card company rate and the “plus” is the markup by the payment processor. The interchange plus pricing structure offers the lowest effective rates compared to all other pricing structures, including tiered and flat-rate pricing which can be much more expensive.

Common Visa and MasterCard Interchange Rates

Card Type Current Interchange Rate
Visa Debit CPS0.80% + 15¢
Visa Debit CPS Regulated0.05% + 22¢
MasterCard Debit1.05% + 22¢
MasterCard Debit Regulated0.05% + 22¢
Visa Credit CPS Retail1.51% + 10¢
MasterCard Credit Consumer (Merit III Core)1.65% + 10¢

Common Visa Interchange and MasterCard Interchange Rates

Card Present Visa Debit Interchange

Visa Debit Interchange Visa Interchange Rate
Visa Debit CPS0.800% + 15¢
Visa Debit CPS Regulated0.050% + 22¢
Visa Debit Prepaid1.510% + 15¢
Visa Debit Business1.650% + 15¢
Visa Debit Business Regulated0.050% + 22¢
Restaurant DEB1.19% + $0.10
Restaurant Debit Regulated0.05% + $0.22
CPS/Restaurant Prepaid1.15% + $0.15
Supermarket DEB0.00% + $0.30
CPS/Supermarket Debit REG0.05% + $0.22
CPS/Supermarket Prepaid1.15% + $0.15
VISA Utility DEB0.00% + $0.65
Utility Debit REG0.05% + $0.22
Utility Business Prepaid0.00% + $1.50
Utility Business Debit0.00% + $1.50
CPS/Auto Fuel Dispenser DB REG0.05% + $0.22
Hotel Card Present DEB1.19% + $0.10
CPS/E-Comm - Hotel Debit REG0.05% + $0.22
CPS/Hotel CNP Prepaid1.75% + $0.20

Card Not Present Visa Debit Interchange

Keyed Visa Debit Interchange Visa Interchange Rate
Visa Debit CPS1.650% + 15¢
Visa Debit CPS Regulated0.050% + 22¢
Visa Debit Prepaid1.750% + 20¢
Visa Debit Business2.450% + 10¢
Visa Debit Business Regulated0.050% + 22¢
E-Commerce - Basic DEB1.65% + $0.15
CPS/E-Commerce - Basic Prepaid1.75% + $0.20
Hotel Card Not Present DEB1.70% + $0.15

Card Present Mastercard Debit Interchange

MasterCard Debit Interchange MasterCard Interchange Rate
MC Debit1.050% + 15¢
MC Debit Regulated0.050% + 22¢
MC Debit Prepaid1.050% + 15¢
M/C Restaurant DEB1.19% + $0.10
Restaurant - Debit REG0.05% + $0.21
MC Restaurant Prepaid1.19% + $0.10
M/C Supermarket DEB1.05% + $0.15
Supermarket Base - Debit REG0.05% + $0.21
MC Supermarket Base Prepaid1.05% + $0.15
M/C Merit 1 Debit Core Real Estate0.80% + $0.25
M/C Merit 1 Real Estate Prepaid0.80% + $0.25
Merit 1 Real Estate - Debit REG0.05% + $0.21
M/C Petro CAT AFD DEB0.70% + $0.17
Petroleum AFD - Debit REG0.05% + $0.21
M/C Petroleum AFD Prepaid0.70% + $0.17
M/C Utilities BUS Debit0.00% + $1.50
M/C Utility Debit0.00% + $0.65
M/C Utility Prepaid0.00% + $0.65
Utilities - Debit REG0.05% + $0.21
M/C Utilities Business Prepaid0.00% + $1.50
M/C Travel Premier Lodging Prepaid1.15% + $0.15
Travel (Tips) Loading DB REG0.05% + $0.21

Card Not Present Mastercard Debit Interchange

Keyed MC Debit Interchange MasterCard Interchange Rate
MC Debit Keyed1.600% + 15¢
MC Debit Regulated Keyed0.050% + 22¢
MC Debit Keyed Prepaid1.760% + 20¢

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Card Present Visa Credit Interchange

Visa Retail Interchange Visa Interchange Rate
Visa CPS Retail1.510% + 10¢
Visa Rewards Traditional1.650% + 10¢
Visa Rewards Signature2.300% + 10¢
Visa Rewards Signature Preferred2.100% + 10¢
Visa Corporate2.100% + 10¢
Visa Business2.200% + 10¢
Visa Purchasing2.400% + 10¢
Card Present Restaurant Interchange Visa Interchange Rate
Restaurant Consumer CP2.10% + $0.00
Restaurant Consumer CP Min0.00% + $0.04
Restaurant Sign Prefer CP2.60% + $0.00
Restaurant Sign Prefer CP Min0.00% + $0.04
Card Present Supermarket Interchange Visa Interchange Rate
Visa Supermarket Qualification1.50% + $0.07
Visa Supermarket Trad1.50% + $0.07
Visa Supermarket Rewards1.50% + $0.07
Visa Supermarket Sign INF1.65% + $0.07
Visa Supermarket Sign PREF2.00% + $0.07
Card Present Insurance Interchange Visa Interchange Rate
Insurance Consumer1.43% + $0.05
Insurance Consumer rewards1.43% + $0.05
Insurance Signature1.43% + $0.05
Insurance Signature Prefer2.25% + $0.10
Card Present Fuel Interchange Visa Interchange Rate
Fuel Consumer Credit1.15% + $0.25
Commercial Fuel Fleet2.50% + $0.10
V Level II - Fuel Purchasing2.20% + $0.10
V Level II - Fuel Corporate2.20% + $0.10
Card Present Utility Interchange Visa Interchange Rates
Visa Utility0.0% + $0.75
Visa Utility - Business Card0.0% + $1.50
Card Present Travel Interchange Visa Interchange Rate
Travel Services Consumer1.75% + $0.10
Travel Services Consumer REWD1.95% + $0.10
Travel Services Signature PREF2.40% + $0.10
Card Present Education Interchange Visa Interchange Rate
Education Consumer1.43% + $0.05
Education Consumer Rewards1.43% + $0.05
Education Signature1.43% + $0.05
Education Signature Preferred2.15% + $0.10
Card Present Healthcare Interchange Visa Interchange Rate
Healthcare Consumer1.43% + $0.05
Healthcare Consumer Rewards1.43% + $0.05
Healthcare Signature1.43% + $0.05
Healthcare Signature Preferred2.30% + $0.10
Card Present Advertising Interchange Visa Interchange Rate
Advertising Consumer1.55% + $0.10
Advertising Consumer rewards1.70% + $0.10
Advertising Signature1.75% + $0.10
Advertising Signature Prefer2.30% + $0.10

Card Not Present Visa Credit Interchange

Keyed Visa Interchange Visa Interchange Rate
Visa Keyed CPS Retail1.800% + 10¢
Visa Keyed Rewards Traditional1.950% + 10¢
Visa Keyed Rewards Signature2.700% + 10¢
Visa Keyed Rewards Signature Preferred2.300% + 10¢
Visa Keyed Corporate2.950% + 10¢
Visa Keyed Business2.950% + 20¢
Visa Keyed Purchasing2.950% + 10¢
Restaurant Keyed Interchange Visa Interchange Rate
Restaurant Consumer CNP2.20% + $0.00
Restaurant Consumer CNP Min0.00% + $0.04
Restaurant Sign Prefer CNP2.70% + $0.00
Restaurant Sign Prefer CNP Min0.00% + $0.04

Visa Charity Interchange Rates

Visa Charity Nonprofit Interchange Current Interchange Rates
Visa Debit (Regulated)0.050% + 22¢
Visa Charity Credit1.350% + 5¢
Paypal Donation2.200% + 30¢

Card Present Mastercard Credit Interchange

MC Retail Interchange MasterCard Interchange Rate
MC Consumer1.580% + 10¢
MC Enhanced1.800% + 10¢
MC World1.770% + 10¢
MC World Elite2.300% + 10¢
MC Corporate1.900% + 10¢
Card Present Restaurant Interchange Mastercard Interchange Rate
World M/C Restaurant1.85% + $0.10
M/C World Elite Restaurant2.00% + $0.10
Card Present Real Estate & Property Management Interchange Interchange Rate
MC Real Estate Consumer1.43% + 5¢
MC Real Estate Enhanced1.43% + 5¢
MC Real Estate World1.43% + 5¢
MC Real Estate World Elite2.200% + 10¢
MC Real Estate Corporate2.650% + 10¢
Card Present Supermarket Interchange Mastercard Interchange Rate
M/C Supermarket1.45% + $0.10
M/C Enhanced Supermarket Base1.60% + $0.10
M/C World Elite Supermarket2.10% + $0.10
Card Present Insurance Interchange Mastercard Interchange Rate
M/C Merit 1 - INSU1.43% + $0.05
M/C World Merit 1 - INSU1.43% + $0.05
M/C World Elite Merit 1 - INSU2.25% + $0.10
M/C Enhanced Merit 1 - INSU1.43% + $0.05
Card Present Fuel Interchange Mastercard Interchange Rate
M/C Petroleum Base1.90% + $0.00
World M/C Petroleum Base2.00% + $0.00
World Elite M/C Petroleum Base2.00% + $0.00
Card Present Utility Interchange Mastercard Interchange Rate
M/C Utility Credit0.00% + $0.75
M/C Enhanced Utility0.00% + $0.75
Card Present Travel Interchange Mastercard Interchange Rates
M/C Travel Premier - Lodging1.65% + $0.10
M/C Travel Premier - Vehicle1.65% + $0.10
M/C Enhanced Tips - Lodging1.75% + $0.10
Card Present Services Interchange Mastercard Interchange Rates
M/C SVC INDS Incentive PROG1.15% + $0.05
M/C Enhanced Service Industry1.15% + $0.05
World M/C Service Industries1.15% + $0.05
M/C High Value Service Industrie1.15% + $0.05
Card Present Public Sector Interchange Mastercard Interchange Rates
M/C Public Sector CP Credit1.55% + $0.10
M/C Enhanced Public Sector CP1.55% + $0.10
World M/C Public Sector CP1.55% + $0.10
M/C High Value Public Sector CP1.55% + $0.10
Card Present B2B Interchange Mastercard Interchange Rates
M/C Commercial Bus To Bus2.00% + $0.00
M/C CORP Standard Business2.95% + $0.10
M/C World Business COMM Standard2.95% + $0.10
M/C COMM Bus To Bus 21.80% + $0.00
M/C COMM Bus To Bus 31.60% + $0.00
M/C COMM Bus To Bus 41.40% + $0.00
M/C COMM Bus To Bus 51.20% + $0.00
M/C COMM Bus To Bus 61.00% + $0.00

Card Not Present Mastercard Credit Interchange

Card Not Present Mastercard Interchange MasterCard Interchange Rate
MC Keyed Consumer1.95% + 10¢
MC Keyed Enhanced2.10% + 10¢
MC Keyed World2.20% + 10¢
MC Keyed World Elite2.950% + 10¢
MC Keyed Corporate2.650% + 10¢
Card Not Present Public Sector Interchange Mastercard Interchange Rates
M/C Public Sector CNP Credit1.55% + $0.10
M/C Enhanced Public Sector CNP1.55% + $0.10
World M/C Public Sector CNP1.55% + $0.10
M/C High Value Public Sector CNP1.55% + $0.10

Mastercard Charity Interchange Rates

Mastercard Charity Nonprofit Interchange Current Interchange Rates
MC Debit (Regulated)0.050% + 22¢
MC Charity Debit (Non-regulated)1.450% + 15¢
MC Charity Credit2.000% + 10¢
Paypal Donation2.200% + 30¢

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Visa International Interchange Rates

Visa International Interchange Interchange Rate
Visa International1.100%
Visa International Premium1.100%
Visa International Corporate2.000%
Visa International Keyed1.600%

Mastercard International Interchange Rates

MasterCard International Interchange Interchange Rate
MC International1.100%
MC International Keyed1.600%

Visa Association Fees

Visa Association Fees Interchange Rate
Visa Card-Brand Credit Acquirer Service Fee0.1400%
Visa Card-Brand Debit Acquirer Service Fee0.1300%
Visa NAPF (Network Acquirer Processing Fee)1.95¢
Visa Clearing Access0.25¢
Visa International Cross-Border0.8000%
Visa Intl Acquirer Service Fee0.4500%
Visa FANF (Fixed Acquirer Network Fee)
Visa FANF - Card-Present Per Location$2/mth
Visa FANF - Keyed Volume $1,000 - $3,999$7/mth
Visa FANF - Keyed Volume $4,000 - $7,999$9/mth
Visa FANF - Keyed Volume $8,000 - $39,999$15/mth
Visa FANF - Keyed Volume $40,000 - $199,999$45/mth

Mastercard Association Fees

MasterCard Association Fees Interchange Rate
MC Card-Brand (Under $1000)0.1300%
MC Card-Brand (Over $1000)0.1400%
MC Card-Brand Debit (Over $1000)0.1300%
MC ALF (Acquirer License Fee)0.0047%
MC NABU (Network Brand Usage Fee)0.195¢
MC Account Status Inquiry (on $0 auth)2.500¢
MC CVC 2 Authorization Fee0.250¢
MC AVS Authorization Fee1.000¢
MC Intl Cross-Border Support0.6000%
MC International Cross-Border0.8500%
MC - Per Location Annual Fee 2016$7.50/year
MC - Per Location Annual Fee 2017+$15/year

Interchange Rates FAQ

What is the average interchange fee in the United States?

In the United States the average interchange fee that merchants pay is roughly 1.81%. For businesses that are accepting payments in-person at a physical location, the average interchange rate is around 1.71%. For businesses that are accepting payments online, the average interchange rate is 1.91%.

For merchants accepting payments online, the reason for the higher interchange rate is that there is an increased risk of fraud when compared to accepting cards in person.

Who makes money on interchange fees?

Interchange fees are paid directly to the card-issuing bank to cover handling costs, fraud and bad debt costs, and for the risk involved in approving the payment. Interchange fees are collected by the merchant’s bank account, and these fees are paid to the card-issuing bank.

Can you negotiate interchange rates?

No, you cannot under any circumstance negotiate interchange rates. It does not matter which credit card processor you work with, no processor can offer you a lower interchange rate than another. Your business may qualify for Level 3 interchange rates which lower the cost overall, however, you still cannot negotiate the specific rate.

Who determines interchange rates?

Interchange rates are determined by credit card companies. These companies are Visa, Mastercard, Discover, and American Express. Historically, Visa and Mastercard set their rates twice per year in April and again in October. Each credit company is in charge of setting interchange rates and some may set their rates once per year.

How do you explain interchange rates?

The term interchange rate refers to the wholesale cost that Visa, Mastercard, Discover and American Express charge to accept cards. Merchants must pay these fees for every credit and debit card transaction that they accept.

How do you calculate interchange rates?

Calculating interchange rates is determined by the transaction scenario (card present or card not present), and card type. They are calculated as a percentage plus an additional fixed amount per transaction. (For example: 1.430% + 10¢). These rates are set by the credit card networks: Visa, Mastercard, Discover and American Express.

How much do issuers make on interchange?

Typically, earnings by card issuers on interchange fees range from 1% to 3%, plus a flat fee, per transaction. Card issuers make all of the earnings from interchange fees.

What is an example of an interchange rate?

An example of an interchange rate is 1.51% + $0.10 per transaction. This is the interchange rate for a retail Visa card present transaction. Interchange rates depend on the industry, transaction scenario (card present or card not present), and card type.

What is the difference between merchant discount rate and interchange fee?

Interchange fees are charged by credit card companies and are paid to the issuing bank. Those fees are collected by the merchant’s bank account and are paid to the card-issuing bank. A merchant discount rate is the fee charged to merchants for payment processing services for debit and credit transactions. The merchant agrees to this rate before accepting payments.

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