Key information about interchange fees

An interchange fee is a fee paid as part of each payment transaction (e.g. payment by credit card) between the payer’s payment service provider and the payee’s payment service provider. 

In Europe, interchange fees average between 0.2%-0.3% of the transaction amount. They are determined by the card schemes and are non-negotiable. They are also regularly adjusted. 

The fastest and most reliable way to find the current rates is to visit the website of the respective card scheme. More detailed and up-to-date information can be found on the Visa and Mastercard websites.

What influences the interchange fee rate? 

There are many factors that influence the interchange fee rate, including (but not limited to):

  • Different card schemes charging different interchange rates

  • Card-present (CP) transactions having lower interchange fees than card-not-present (CNP) transactions because the risk of fraud is lower for CP transactions

  • Credit and debit cards having different interchange rates

  • Commercial cards charging higher interchange fees than those issued to consumers

Please note that SumUp always charges the interchange fee set by Visa and Mastercard, as passed on by its acquirer.

A breakdown of SumUp’s fees, including the interchange fees paid for each of your transactions, can be found in the payout reports you receive from us via email or under "All Reports" in the SumUp dashboard.