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What is Interchange??
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Last Updated
7th 2007f November, 2007
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Interchange is the rate charged to Credit Card processing companies, such as CDGcommerce, for using one of their cards.  This is how Visa and Mastercard stay in business - they charge a percentage of the entire sale to the processor - which is eventually passed down to the merchant (you).

How the processor makes their money is they will add a certain percentage to the cost from visa and mastercard which they pocket.  In this case, it is an extra 0.4% + $0.15 which is extremely cheap!!  If you were to go to a company looking for a merchant account, you'd have to be a corporation doing many thousands of transactions monthly.  But, because WeDJ.com has such a large member base, we were able to negotiate the incredible rate above on behalf of all our members.
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