Discover Interchange Rates
What Are Interchange Rates?
Discover is one of the most widely used credit cards in the United States, along with Visa, MasterCard, and American Express. Discover is very popular among consumers for their low introductory rates, no annual fees, great benefits and rewards, and 24/7 American-based customer service.
Accepting Discover can be a tremendous benefit to your business, especially due to its popularity among younger consumers. Some business owners choose not to accept Discover due to misperceptions of their rewards cards being “more expensive” than other card brands. Discover interchange rates are very comparable to Visa and Mastercard despite the tremendous rewards they offer to their cardholders.
We’ve eliminated the confusion and complexity that comes from accepting credit cards by offering interchange plus, or cost-plus, pricing plans. We offer a transparent, small fee on top of the standard Discover interchange rates.
What Are Discover Interchange Rates?
Interchange refers to the fee collected by the customer’s credit card bank (Discover, in this instance) on every transaction. These rates are set by Disocver each year and apply to every processor in the payments industry. In simpler terms, interchange is the wholesale cost that the processor has to pay on every credit card transaction. Interchange rates are part of Payline’s interchange plus pricing plans. We simply pass on the wholesale cost from the card issuer and then add on a transparent, small fee. The tables below provide a breakdown of the current Discover interchange rates.
Current Discover USA Interchange Rates
|Discover Debit||1.100 % + 16¢|
|Discover Debit Regulated||0.050 % + 22¢|
|Discover Debit Keyed||1.750 % + 20¢|
|Discover Debit Keyed Regulated||0.050 % + 22¢|
|Discover Consumer||1.560 % + 10¢|
|Discover Rewards||1.710 % + 10¢|
|Discover Premium||1.710 % + 10¢|
|Discover Premium Plus||2.150 % + 10¢|
|Discover Commercial||2.300 % + 10¢|
|Discover Keyed Consumer||1.870 % + 10¢|
|Discover Keyed Rewards||1.970 % + 10¢|
|Discover Keyed Premium||2.000 % + 10¢|
|Discover Keyed Premium Plus||2.400 % + 10¢|
|Discover Keyed Commercial||2.300 % + 10¢|
|Discover Debit Recurring||1.200 % + 5¢|
|Discover Debit Recurring Regulated||0.050 % + 22¢|
|Discover Recurring Consumer||1.350 % + 5¢|
|Discover Recurring Rewards||1.350 % + 5¢|
|Discover Recurring Premium||1.350 % + 5¢|
|Discover Recurring Premium Plus||1.800 % + 5¢|
|Discover Recurring Commercial||2.300 % + 10¢|
|Discover Card-Present International Debit/Prepaid||1.200 %|
|Discover Card-Present International Consumer||1.650 %|
|Discover Card-Present International Rewards||1.650 %|
|Discover Card-Present International Premium||1.650 %|
|Discover Card-Present International Premium Plus||1.650 %|
|Discover Card-Present International Commercial||1.900 %|
|Discover Keyed International Debit/Prepaid||1.700 % + 10¢|
|Discover Card-Present International Consumer||1.700 % + 10¢|
|Discover Card-Present International Rewards||1.700 % + 10¢|
|Discover Card-Present International Premium||1.700 % + 10¢|
|Discover Card-Present International Premium Plus||1.790 % + 10¢|
|Discover Card-Present International Commercial||1.900 % + 10¢|
Assessments and Association Fees
|Discover Card-Brand||0.130 %|
|Discover Data Usage Fee||1.95¢|
|Discover Data Transmission Fee||0.25¢|
|Discover International Cross-Border||0.800 %|
|Discover International Processing Fee||0.500 %|
* The above are the most common interchange qualifications. For a complete list of US interchange rates, please contact the Discover Card Network.