Interchange++ Definition.
A transparent acquiring pricing model: the merchant pays actual interchange plus actual scheme fees plus an explicit acquirer markup (the “++”). It contrasts with blended pricing, a single opaque rate that averages out the differences between cards. IC++ makes sense as soon as volumes justify it: the merchant benefits directly from the regulatory caps and sees the true cost of each card type.
See also
Where this term appears
GuideThe four-party modelGuideMerchant, acquirer, PSPGuidePayments in AustriaGuidePayments in FranceGuidePayments in IrelandGuidePayments in ItalyGuidePayments in the USGuidePayments in ChinaGuidePayments in Saudi ArabiaGuidePayments in the Gulf and the Middle EastGuideCross-border acquiring around the worldGuideInterchange and merchant pricing around the world