come through at one point eight percent so Tax Accountant Adelaide obviously that would take another basis points for that but that tea or two or that mid qualified bucket that few point three nine percent is going to compass a few different types of cards but you’re always going to be in the profit and you might make a little bit more profit on a lower rewards card than the other
whereas if you do cost plus if it’s a debit card we’re going to pay that debit interchange rate plus you’re always going to make basis points if it’s a corporate card and it’s .% you’re always going to make basis points on that so what does interchange rate due for a merchant or what is determined well there’s really four things that need to be considered to determine what the interchange rate could be for a merchant first off how it’s the car process best scenario is always a car present transaction you see in that first picture the young lady is taking the card over the counter so you can ask for an ID so you can swipe that card where we can get a full card read on it or an EMV dip nowadays right so that’s going to be your best safest and most secure type
of transaction and it’s going to offer the best type of interchange rates what type of business is that merchant in based on their si si code or MCC code that could have an effect on what type of interchange they they pay what type of card is that customer using are they using a debit card a rewards card a corporate card that could affect the interchange rate as well and then does the merchant process the card as expected so what does that mean by as expected well in that retail setting we’re going to basically set her up for ninety percent card swipe ten percent key because the kids are you’re going to get a card that just doesn’t work but
what if she starts to key in all of her cards well obviously she’s going to get a lot of downgrades because she’s going to get the downgrade from king in those transactions when she was set it set up as a retail swipe scenario next to that you see a website address so sometimes people are going to be processing online well interchange rates are going to be higher for e-commerce or akkade transaction why because we can’t always look over the counter we can’t grab that individuals driver’s license and