Interchange Fees

Discover Interchange Rates

There are interchange rates for all Discover card types, including debit, credit, international, and commercial cards. The fee varies by entry method (in-person, keyed, or recurring) as well. In this article, we’ll include the interchange rates grouped by card type. What are interchange fees? Discover Interchange Rates Credit Interchange Rates Debit Interchange rates Regulated Debit…

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When you accept Discover cards at your business, you’ll pay fees to Discover, called interchange. These rates vary by card type, entry method, and other details.

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Credit Card Processing

Discover and American Express Chargebacks

Ideally, you want to prevent chargebacks in the first place by properly utilizing anti-fraud tools and offering easy cancellations. But sometimes chargebacks happen anyway, and it’s important to know what to expect. In this article, we’ll explain the stages of the dispute process for American Express and Discover. You can also contact your credit card…

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Discover and American Express both issue their own credit cards. When a cardholder initiates a chargeback on a Discover or Amex, the process works a little bit differently.

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Credit Card Processing, News

All Four Major Credit Cards to Go Signature-Free

What does it mean that all four major credit card companies are set to go signature free? The paradigm shift has been prompted by recent leaps in credit card security and fraud protection, along with consumer trends such as the rise of mobile payments technology (e.g., Apple Pay), and of course the rapidly becoming ubiquitous…

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By April 2018, purchasing by signature will be a thing of the past. Like dominoes falling one after another, the four major credit cards are letting go of the requirement for cardholders to provide a signature for purchases when using a chip-enabled card.

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Credit Card Processing

Discover Network Authorization Fee

Discover implemented the Network Authorization Fee in 2013 to replace the Data Transmission Fee, which applied to fewer transactions. The Network Authorization fee is often charged in tandem with the Discover Data Usage Fee. However, some processors only list one or the other. As of 2018, Discover sets the fee at $0.0025. What are assessment fees?…

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The Network Authorization Fee is an assessment charge that applies to all Discover authorization transactions.

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Credit Card Processing

Assessments: Discover International Processing Fee and International Service Fee

If you take a Discover card that was issued outside the US, you’ll be subject to international processing fees. Discover Assessments Discover International Fees Identifying International Processing Fees Lowering Your Costs Discover Assessments Assessment fees are a non-negotiable component of credit card processing costs. Assessments are set by the card brands and are the same…

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Discover imposes two assessment fees specifically for international transactions: The International Processing Fee and the International Service Fee. Both fees can apply to one transaction.

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Credit Card Processing

Discover Data Usage Fee

However, processors may or may not charge it, and may or may not list it as the “data usage fee.” What are assessment fees? Data Usage Fee Paying the Data Usage Fee Interchange Plus Pricing Flat Rate Pricing Can I lower or avoid the Data Usage Fee? What are assessment fees? Assessment fees are a…

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The “Data Usage Fee” is an assessment charge Discover imposes when you accept Discover cards at your business.

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Credit Card Processing, Security and PCI Compliance

Discover Information Security and Compliance Program

Before we get into Discover’s specific rules, you’ll need to make sure you’re compliant with PCI DSS – This is an agreed set of requirements for everyone involved in the credit card system. You can check out our article on PCI compliance if you need more information. Meeting PCI DSS standards is essential, as that’s…

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If you process credit cards (whether face-to-face or online) you need to be fully compliant with the guidelines and regulations for credit card security and processing. In this article we’ll be exploring the Discover Information Security and Compliance (DISC) Program.

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