PayTrace delivers interchange optimization.
Our payment gateway platform optimizes data fields, providing instant access to Level II and Level III savings. B2B & B2G purchases can qualify for lower rates by entering additional data at the time of the transaction. Companies that use business, or government cards can qualify for level III rates and can benefit from significant savings.
Large ticket transactions frequently benefit from interchange optimization. PayTrace knows which cards qualify for Level II and Level III interchange savings. We intelligently process the most Level II and Level III qualifying data. This enables us to deliver the opportunity for lower merchant processing fees.
We turn hours of work into seconds, making your work easy and saving labor costs.
We turn hours of work into seconds, making your work easy and saving labor costs.
What is interchange?
Interchange is a rate or fee charged by banks to cover the cost of handling and risk involved in bank credit or debit card transactions.
Interchange optimization is available on all PayTrace products, all day, every day.
On our platform, merchants qualify for the best interchange rates on every transaction. Our omni channel solution for secure payments is available online, in-office POS, and through any mobile device. Even merchants accepting payments through common accounting software, CRM, and ERP applications connecting to our API are saving with interchange optimization.
Who sets the rates?
Interchange rates are set by credit card companies such as Mastercard, Visa, American Express, and Discover. Visa and Mastercard typically publish updated interchange rates in April and October. These rates are current as of April 2022, and effective July 2022 for the public.
Are there fees associated with interchange?
In addition to the interchange rate, credit card processing companies often include other fees that are passed along to merchants as part of their processing costs.
What data is required to qualify for each rate?
Visa and Mastercard require different amounts of data to qualify for Level II and Level III rates. PayTrace optimizes this data so merchants can qualify for higher savings on each transaction.
Your annual spending affects your
interchange rate.
These “tiers” or “levels” are typically known as the Annual Account Spend. The card category is based on how much money your customer spends with this card on an annual basis. The more money that’s spent on any given business card, the higher the rates.
Visa Annual Account Spend
Customer Annual Spend
VISA BUSINESS TIER 1 CARD
Less than $20,000
VISA BUSINESS TIER 2 CARD
$20,001 – $39,999
VISA BUSINESS TIER 3 CARD
$40,000 – $99,999
VISA BUSINESS TIER 4 CARD
Over $100,000
Mastercard Annual Account Spend
Customer Annual Spend
MC BUSINESS LVL 1 CARD
Less than $25,000
MC BUSINESS LVL 2 CARD
$25,001 – $50,000
MC BUSINESS LVL 3 CARD
$50,001 – $100,000
MC BUSINESS LVL 4 CARD
Over $100,000