Purpose of the Interchange Report
The Interchange Report breaks down the fees paid to card-issuing banks for each credit or debit card transaction. Its primary objectives are:
- Transparency: Offering clear visibility into the individual costs associated with card transactions.
- Analysis: Enabling users to analyze transaction patterns, card types, and fee structures.
- Optimization: Assisting in identifying opportunities to lower costs by understanding how different factors impact interchange fees.
The Interchange Report is only available to partners and merchants on interchange+ pricing.
Understanding the following key fields can help when reviewing the report:
- Source ID & source type: Provides unique identifiers for each transaction and categorizes it as a charge or refund.
- Balance transaction created at & amount: Indicates when the transaction was initiated and the amount.
- BIN issuing group & country code: Details the bank group and country of the card issuer.
- Qualification level & interchange program: Describes the transaction's data level and the applicable interchange criteria set by card networks.
- ASV check & level 2/3 data: Highlights fraud prevention measures and additional transaction details that can influence rates.
- Interchange rate & transaction fee: Specifies the fee percentage and fixed fee charged per transaction. The Interchange Rate and the Transaction Fee do not include the merchant’s markup.
- Settlement date: Marks the date when the transaction was settled.
To learn more about interchange fees, check out our Interchange Fees article.