In most cases, as a merchant registered in an EEA country, you will have the option to choose between two pricing models. This is in line with regulations on Merchant Interchange Fees (MIF).
The blended rate gives you a fixed rate, making it easy to calculate the cost of every transaction. This rate varies based on the card used, but you will always pay the same fee for a particular type. An example of a card type is a personal debit card issued in an EEA country.
An alternative option is the interchange plus pricing (IC+). This fee normally works out cheaper for the merchant, but cannot be determined accurately beforehand. IC+ pricing is calculated on each transaction and takes into account the type of merchant, cost of sale, processing technology, region, chargeback history, and more.
Our team will be happy to explain these two pricing models in further detail. Get in touch with us today to find out more.