between MX so as you know recently lacks your amex provided the opt blue program and so now we can all make a little bit of money on processing MX cards in the past we would only make a little transaction fee by passing that transaction off to amex well guess what now we can make money on the processing as well as the communication or transaction
fee now at visa mastercard discover they have an interchange rate based on the the card type now with MX they have about different levels of interchange but they only have about nine different channels they work with and what MX is done they basically have three different pricing interchange levels for each business type so for retail under $ they’re interchange rate would be one rate and then if the average transaction jumps from like a hundred and fifty dollars they’re going to pay a little bit higher of an interchange rate and then if that average
ticket or that transaction jumps above House Valuers oberon that one hundred and fifty dollars they can actually pay a third rate so once again for Visa Mastercard Discover it doesn’t matter what the average ticket looks like it’s the card type that determines the interchange but with MX the actual average ticket value is going to affect what that interchange rate might look like and once again you can go to amex website I’ve also created a deck on amex if you’d like to see that I’m sure that’ll be one of the training programs we put you through in the future but the
deck is on the group partner portal right now under amex if you want to view that yourself but what once again I recommend you gather the knowledge and don’t think that you have to know every interchange level if you are a tiered person if that’s how you like to price your merchants in a three or four tier model just understand the bulk of where the cards are going to fall into ik a plane wrap credit card and the debit cards they’re going
to fall into the qualified rate the rewards cards and a key transaction or basically going to fall into that mid quarry hey and my nan cual rates those are going to be on my procurement cards my corporate cards my world traveled in entertainment cards that’s what
