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Understanding ICC++


Understanding Interchange Fees and the Benefits of SysPay

Interchange fees are fees applied when a transaction takes place between two financial institutions, such as an issuing bank and an acquiring bank. These fees cover the costs incurred by the transaction and fall into three main categories:

  • Interchange: fees charged by the issuing bank.

  • Card networks: fees charged by networks such as VISA, MasterCard, etc.

  • Bank commission: fees charged by the acquiring bank.

How are these fees divided up?

Each time a transaction is carried out, the fees charged by each party involved accumulate. Once the transaction has been processed, these accumulated costs are deducted from the amount received by the merchant.

The card networks (VISA, MasterCard, AMEX) set their own interchange fees for the use of their network and infrastructure, which make up most of the fees.

The interchange fee covers processing costs and is shared between the issuing bank (the cardholder’s bank) and the acquiring bank (the merchant’s bank). This fee is a percentage of the transaction amount and is often negotiated between the parties involved.

Interchange fees and acquisition fees are often combined into a single cost.

SysPay Solutions: Simplification and Transparency

SysPay offers two pricing models to give you greater flexibility and transparency in your transactions:

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1. Blended rates

This model covers both interchange fees and SysPay commission fees. All transactions are subject to fixed rates, determined according to the type of card used and the type of transaction carried out. This means you always know what you’re paying, with no surprises. SysPay absorbs variations in interchange fees, guaranteeing an unchanging cost to you, appearing as a single fee on your statements.

2. Interchange ++

With this model, SysPay applies a small, fixed commission on each transaction, regardless of the type of card and transaction. Interchange fees are those charged by the card networks and issuing banks. This model allows fees to be adjusted according to interchange rates, offering savings when these fees are low.

Thanks to Interchange ++, you can easily compare our rates with those of your bank. With SysPay, you benefit from total transparency, with clear details of your transactions and no confusion.

Choose SysPay for simplified, transparent management of your transaction fees, tailored to your needs and your business.

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