- Swipe cards whenever possible. The lowest interchange rate for a transaction occurs when a card is swiped through the terminal.
- If operators must key in credit card information by hand, they can lower the increased interchange rate by using Address Verification Service, a fraud prevention tool. AVS automatically compares components of the cardholder's address, such as the zip code, to the billing address of the card.
- Settle - or "batch" - terminal and transactions at the end of each day. Payments processors only have two days to process transactions and forward them to Visa and MasterCard, which in turn forward them to the issuing bank. If an operator settles their accounts only weekly or monthly, the transactions miss the two-day time frame, resulting in higher interchange fees.
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