Our fee structure in the interchange plus model is simple, we get paid when you make money. We are structurally incentivized for your success.
In this plan, Sky Charges 0.5% of the money transacted through its network as its fee.
For businesses that accept a lot of debit cards, the interchange plus model will save your business a lot of money.
For businesses that accept a lot of credit cards and reward cards, interchange prices will be higher
Interchange plus in most cases is cheaper than Sky’s flat rate price plan, but the cost per transaction and rate is variable. Sky offers tools to figure your rate with little effort, but the structure of an interchange plus model makes it less predictable.
Businesses that choose interchange plus pricing must understand these variables.
Below is a table showing the fee structure and realized rate of interchange plus 0.5% in a retail environment from an actual customer.
|TXs||Total||Rate||Program Fee||Sky Fee||Description||Total Fee|
|3||$2,245.61||1.58%||$0.10||$16.84||Visa Retail Credit||$52.62|
|10||$9,231.21||0.87%||$0.15||$69.23||Visa Retail Check Debit||$151.06|
|36||$30,213.37||0.12%||$0.22||$226.60||Visa US Regulated Debit||$270.78|
|6||$3,906.32||1.12%||$0.15||$29.29||Mastercard Merit III Debit||$73.94|
|1||$3,502||2.47%||$0.10||$26.26||American Express Prof Serv Tier 4||$112.86|
|Transactions||Total Volume||Total Fees (Interchange Plus)||Realized Rate|
Our mission is to give our customers a competitive advantage in their marketplace by using services from ODP Solutions, Inc.
We do so by providing personalized customer service, low processing fees, and offering our full suite of services to every customer for free. This includes free advertising and a dedicated product specialist to ensure that your business is leveraging all of our tools and features to achieve growth and cost savings.
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