Visa and Mastercard rates in Paynode are dynamic. In the industry these kind of pricing is also referred as cost + or interchange +. The plus ( + ) are the costs that Paynode charges to process credit cards and keep the platform up and running, these costs are a “fixed” percentage for every transaction.


The variable part of the costs are the Interchange fees. Every credit card transaction has a few components that all add up to the interchange or cost of processing a credit card transaction:

  1. Scheme fees: These are the costs the card schemes (Visa / Mastercard) charge for every transaction. They usually charge a percentage of every transaction plus a processing fee 
  2. Bank Issuer fees: These are the fees the bank that issue the card charges for every transactions. They usually charge a percentage of every transaction plus a processing fee 
  3. Card Processing fees: These are fixed percentage fees covered in the plus portion of every transaction. They usually charge a percentage of every transaction plus a processing fee 

So, going back to the question, why are costs dynamic?

Well it will depend based on the credit card used by the end client. If the end client is using a “black platinum card” with high rewards, then the Interchange component of the transaction will be higher. Since these type of cards give card holder high rewards, the Schemes and Bank Issuers usually charge higher percentages to process these transactions. Paynode looks at the actual fees for every transaction and then add the + component to it.


In contrast, if an end client is using a domestic standard credit card, then the costs to process will be lower.

Paynode always passes down the true costs of every credit card transaction plus the + component to cover the processing platform so the Paynode members can always have the lowest costs possible. 

Interchange fees are transaction fees that the merchant's bank account must pay whenever a cardholder uses a Visa or Mastercard (credit or debit card) to pay for a service or product.

The interchange fees are paid to the card-issuing bank to cover handling costs, fraud and bad debt costs and the risk involved in approving the payment. You can always check with with the card issuer to get the interchange rate for your specific card.

Additional resources

If you want more info about our interchange + pricing, please go to https://paynode.com/wp-content/uploads/2020/05/Paynode-Fees-Schedule-27MAY2020.pdf

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