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Interchange and Processing Fees

The Interchange and Processing Fees table contains credit card processing fees charged to the restaurant by interchange plus and Toast.

Column Computation and Description

Card Brand

The brand of credit card: Visa, Mastercard, Discover, or Amex.

Interchange Description

Each card processed has a specific interchange category, and those categories have publicly available rates associated with them, such as 2.25% + $0.10 or 2.70% + $0.10. This column displays the interchange category (or "description") for the credit card transactions represented in a given row.

IC Rate

The rate for the associated interchange category.

Transactions

The number of transactions processed in the associated interchange category.

Volume

The total dollar volume of the transactions processed in the associated interchange category.

IC Fee

The total interchange fees charged for transactions processed in the associated interchange category.

Toast Prcsg. Fee

(Net Transactions volume x your-contracted-volume-%) + (Net Transactions number x your-contracted-per-transaction-fee)

The Toast processing fees charged for transactions processed in the associated interchange category. These fees are determined by your Toast contract and are calculated based on the dollar volume and number of transactions for this interchange category.