Interchange+ Rates:
Special Discounted rates for Veteran-Owned Businesses. You Served Us! Let Us Serve You!
| Bankcard Authorization | 0.25% – Or Lower, depending on the volume or if New Business! |
| Non-Bankcard (Credit Card) Authorization | 0.50% – Or Lower, depending on the volume or if New Business! |
| EBT | 0.06% |
Merchant Expenses:
| Per Transaction | $0.10 |
| Return Transaction | $0.10 |
| Voice Authorization | $0.75 |
| Monthly Service Fee | $10.00 for seasonal businesses – $0 for active merchants (Covers Compliance Fee and PCI Fees). |
| Annual Fee | $5.00 |
| Chargeback Fee | $35.00 |
| MX Merchant Gateway (if applicable) | $10.00 |
If you’re a business owner in NYC or anywhere in the U.S., understanding how credit card processing fees work—especially interchange rates—can unlock significant savings. Centaurus offers transparent, low-rate merchant services that can help you keep more of your revenue.
Use our Merchant Services Calculator to see if you can save with us!
Attention Business Owners: Are you sure you’re getting the best deal on your merchant services? Use our easy-to-use Merchant Services Calculator to instantly compare your current processing rates against ours. Discover exactly how much money your business could save each month by switching to our transparent, competitive rates. Try it now—it only takes a minute, and the savings might surprise you!
What Are Interchange Fees?
Every time a customer pays with a credit or debit card, your business pays an interchange fee. This fee is set by card networks like Visa and Mastercard and primarily goes to the card-issuing bank. It typically consists of a percentage of the transaction amount plus a fixed fee—for example, 1.51% + $0.10 per transaction .
These fees compensate for transaction processing, fraud prevention, and funding credit card rewards programs . For many businesses, interchange fees make up 70% to 90% of total credit card processing costs .
How Interchange Optimization Saves You Money
Interchange optimization involves refining your payment processes to ensure each transaction qualifies for the lowest possible interchange rate. This can lead to substantial savings—up to 40% on credit card processing fees . Strategies include:
- Providing Detailed Transaction Data: For B2B transactions, supplying Level 2 or Level 3 data (like tax amounts and customer codes) can qualify transactions for lower rates .
- Using Address Verification Services (AVS): Implementing AVS can reduce fraud and lower interchange fees for card-not-present transactions .
- Timely Transaction Settlement: Settling transactions promptly ensures they qualify for the best possible rates.
Centaurus Competitive Rates
Centaurus offers an Interchange+ pricing model, providing transparency and potential cost savings:
- Authorization Fees:
- Bankcard: 0.25%
- Non-Bankcard (Credit Card): 0.50%
- PIN Debit: 0.06%
- EBT: 0.06%
- Per Transaction Fee: $0.10
- Monthly Service Fee: $10.00 for seasonal businesses; $0 for active merchants (includes compliance and PCI fees)
- Annual Fee: $5.00
- Chargeback Fee: $35.00
- MX Merchant Gateway (if applicable): $10.00
These rates are designed to be straightforward, helping businesses avoid hidden fees and better manage their processing costs.
Take Control of Your Processing Costs
By understanding interchange fees and implementing optimization strategies, you can significantly reduce your credit card processing expenses. Centaurus’s transparent pricing and commitment to low rates make it easier for businesses to maximize their revenue.
For more information, give us a call now!