* Calculations are estimates based on your input. No guarantees expressed or implied. You agree that you used this free quote at your own risk for comparison purposes only.NOTE:
Effective April 1, 2005, MasterCard lowered the Interchange rate by $0.05. MasterCard transactions are processed via the Cirrus ATM network, which accounts for approx. 5% of all ATM transactions on our network.Effective October 1, 2005 Visa lowered the Interchange by $0.10. Visa transactions are processed thru the Plus network, which accounts for approx 10% of all ATM transactions on our network.
This does not affect the ATM surcharge; it only affects the additional 10% Interchange commission revenue you receive over and above the surcharge on this small percentage of transactions for these specific networks.
EXAMPLE:
If your ATM processes 500 transactions per month, the number of MasterCard/Cirrus based transactions is approx. 25 (5%) transactions. Your commission is reduced by $0.05 on those 25 transactions (approx. $1.25).
If your ATM processes 500 transactions per month, the number of Visa/Plus based transactions is approx. 50 (10%) transactions. Your commission is reduced by $0.10 on those 50 transactions (approx. $5.00). |
Leave a Reply
Want to join the discussion?Feel free to contribute!