cards and our debit cards do the Tax Accountants Adelaide same thing if you were to actually pull your credit cards out of your wallet right now in your debit cards and you flip them over and looked on the backside you probably see two three sometimes even four different names on it of different
networks that that card will most likely be processed on so if you’re in New York there might be certain debit networks that are more popular and that into the in the united states and then here on the west coast there might be some some networks that might be used more often than not on this coast so you’ll see those card types or network
types in the back of your card so let’s fully scale this transaction down i showed you two dollars and cents so our mid quadrate we offered our merchant was two point three nine percent we take away the raw interchange which is one point six five and a dime for that rewards card so that leaves us with basis points and a die but then there’s association dues and assessments Oh basis points would be taken out for that Nabu fees are a couple pennies and then that leaves
a net of basis points and eight cents that’s really where the profit comes into play that we’re going to share with you so if you did a cost plus scenario look down below that’s really what that would look like so what we’re going to do is we’re going to take all the interchange we’re going to take all the association dues and assessments fees and then we’re just going to do a plain rap charts above that so in this scenario we see let’s just say for this scenario we charge basis points in a dime
so what we would do is we’d say okay mr. mrs. merchant we’re charging a basis points in a dime so the interchange rate for that same swiped rewards card is and a dime and then of course the association’s want their assessments and couple penny branding fee so they’re going to take basis points and in that two pennies and then we’ll get that basis points in a dime now if you do cost plus it’s always going to be basis points in a dime so sometimes let’s move back up to the top scenario sometimes are there are cards and we charge . and a dime well some of the rewards cards might