About

a higher interchange rate and then we see there the issuer which is the financial institution they receive interchange so let’s take a rate and what we’re going to do is we’re going to kind of peel back this onion so let’s just say this is a mid qualified rate we’re offering on a tiered level so the rate we’re going to offer our merchant is two point three nine percent and twenty cents a transaction so let’s say that is a hundred dollar action so one hundred dollars two point three nine percent a ten and twenty cents equates to two dollars and fifty nine cents so what makes up that two dollars and fifty nine says and who it’s what well the funny thing