The December 2025 interchange cap

When interchange drops, who keeps the saving?

Blended pricing
One fixed rate — the provider decides what's inside it
margin
0.80%
1.40%
Before
provider keeps
the difference
0.30%
1.40%*
After
* unless your provider adjusts the rate — ask.
Interchange Provider margin
Interchange-plus (IC+)
Interchange at cost + a fixed acquirer margin
0.40%
0.80%
1.20%
Before
you save
0.50%
0.40%
0.30%
0.70%
After
The saving flows straight to the merchant.
Interchange Acquirer margin
info On IC+, the 62.5% interchange cut saved you 0.50% per transaction. On blended, it depends on your provider.