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Interchange fees: what are they and how are they calculated?
Interchange fees are transaction fees charged by card networks, such as Visa and Mastercard, for the use of their payment networks. These fees are paid by merchants to their acquiring banks (the bank that processes credit card payments on behalf of the merchant) for each transaction made by a customer using a credit or debit card.
The interchange fee is calculated as a percentage of the transaction value plus a fixed fee per transaction. The specific percentage and fixed fee amount vary depending on various factors, such as the type of card used, the card brand, the country where the card was issued, and the merchant’s industry.
Card networks set these interchange fees, and they are not negotiable by merchants. Acquiring banks typically pass on these fees to their merchants as part of the cost of accepting credit and debit card payments. Merchants can choose to pass on these fees to their customers in the form of surcharges or absorb the cost as a cost of doing business.
Interchange fees play an essential role in facilitating electronic payments, supporting the security of transactions, and covering the costs of maintaining the payment networks. However, the complexity and variability of interchange fees can be a source of confusion and frustration for merchants.
In recent years, fees have been the subject of regulatory scrutiny and legal challenges, particularly in Europe, where the European Union has introduced regulations to cap interchange fees for cross-border transactions within the EU.
Merchants can take steps to manage the impact of interchange fees on their business. For example, they can negotiate with their acquiring bank for lower processing fees, or they can explore alternative payment methods, such as digital wallets or bank transfers, that may have lower transaction costs.
In conclusion, interchange fees are an important component of the electronic payment ecosystem, and merchants should be aware of the fees they are paying and the factors that influence them. By understanding these fees, merchants can make informed decisions about their payment processing strategies and minimize the impact of fees on their business.
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FinSight Ventures Launches $50 Million First-of-Its-Kind Index Fund for Generative AI Leaders
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MindBridge, the global leader in AI-driven financial risk intelligence, today announced the launch of a groundbreaking agentic interface designed to seamlessly connect finance professionals with the trusted insights of the MindBridge AI platform.
Stablecore Raises $20M to Bring Stablecoins, Tokenized Deposits and Digital Assets into Banks and Credit Unions
Stablecore, the platform enabling community and regional banks and credit unions to offer stablecoins, tokenized deposits and digital asset products, today announced $20 million in funding. Led by Norwest and with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund and others, which represent more than 290 limited partner banks and credit unions, this news comes at a crucial time following the passage of the GENIUS Act in July 2025.
Capitolis Appoints Fintech and Capital Markets Executive Melanie Carucci as Global Head of Sales
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MANTL Clients Raise Over $3 Billion in Deposits From Existing Banking Relationships in Six Months
MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that its clients raised over $3B in deposits with existing banking relationships in the first half of 2025. This achievement highlights the significant opportunity financial institutions have to achieve low-cost, sustainable growth by strengthening customer and member relationships and driving banking primacy with omnichannel account opening technology.
MiniPay Turns Two with 10 Million Wallets and 270 Million Transactions Pointing to Stablecoins Leading Web3
Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that MiniPay has reached 10 million activated wallets. Two years ago MiniPay set out to make digital dollars feel effortless. Today, the wallet marks its second anniversary with proof that everyday stablecoin money is no longer a theory. Since launch, MiniPay users have activated 10 million MiniPay wallets, showing 500% YoY growth, and completed 271 million transactions moving over $270 million on-chain. The app now runs on Android, iOS, and within the Opera Mini browser in 60 countries, where a typical transfer finalizes in about one second and costs roughly $0.001, a fraction of what legacy rails demand.
FinSight Ventures Launches $50 Million First-of-Its-Kind Index Fund for Generative AI Leaders
FinSight Ventures, a global venture fund specializing in late‑stage technology investments, today announced the launch of the FinSight Generative AI Index Fund, a $50 million investment vehicle designed to back the global leaders of generative AI. The fund aims to provide investors with a single entry point into a curated portfolio of 12 companies that already represent the commercial backbone of generative AI.
Davies Appoints Mark DiMaio as Head of Capital Markets to Drive Global Expansion
Davies, the leading specialist professional services and technology firm serving insurance and highly regulated markets, has announced the appointment of Mark DiMaio as Head of Capital Markets.
MindBridge Launches Agentic Interface Connecting Finance Professionals to Trusted AI Insights
MindBridge, the global leader in AI-driven financial risk intelligence, today announced the launch of a groundbreaking agentic interface designed to seamlessly connect finance professionals with the trusted insights of the MindBridge AI platform.
Stablecore Raises $20M to Bring Stablecoins, Tokenized Deposits and Digital Assets into Banks and Credit Unions
Stablecore, the platform enabling community and regional banks and credit unions to offer stablecoins, tokenized deposits and digital asset products, today announced $20 million in funding. Led by Norwest and with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund and others, which represent more than 290 limited partner banks and credit unions, this news comes at a crucial time following the passage of the GENIUS Act in July 2025.
Capitolis Appoints Fintech and Capital Markets Executive Melanie Carucci as Global Head of Sales
Capitolis, the financial technology company, announced the appointment of Melanie Carucci as Global Head of Sales, effective September 15. Reporting to Gil Mandelzis, Founder and Chief Executive Officer of Capitolis, Carucci will be responsible for leading the company’s global sales strategy and execution, overseeing commercial growth, and deepening strategic client relationships.