For Singapore merchants on Interchange++ (IC++) card pricing. Under IC++ your card processing fee is not a single flat rate: every Visa and Mastercard transaction shows the real costs that make it up. This article explains what IC++ is and how to read the breakdown in your Payout Report in QashierHQ.
IC++ only affects Visa and Mastercard card payments. PayNow, WeChat Pay and your other payment methods are shown the same as before.
Applies to
Markets: Singapore.
Product: QashierHQ Payout Report, for QashierPay accounts on Interchange++ card pricing. Amounts are in SGD.
Access: the account owner, or a QashierHQ user with the Payment Management access right.
What is Interchange++ (IC++)?
Interchange++ (IC++) is a card-processing pricing model that shows the cost components of each card payment separately: Interchange fee + Scheme fee + Qashier's Processing Fee.
How it works: when a customer pays by card, three parties are paid. The customer's bank (the bank that issued the card) receives the Interchange fee. The card network (Visa or Mastercard) receives the Scheme fee. Qashier, your payment processor, charges the Processing Fee and, if it is on your contract, a fixed Gateway Fee per transaction. IC++ lists these components separately. A Blended rate covers the same costs but reports them to you as one flat percentage.
Blended vs IC++:
Dimension | Blended (flat rate) | IC++ |
What you are charged | One fixed % on every card | Interchange + Scheme fee + Processing Fee (+ Gateway Fee if on your contract) |
Transparency | Breakdown hidden in one number | Every component itemised |
Predictability | Same rate every time, easy to calculate | Varies from transaction to transaction |
Best for | Merchants who want simplicity | High-volume merchants who want cost transparency |
Opening the IC++ breakdown in QashierHQ
Log in to QashierHQ.
In the left sidebar, open Money & Finance > Payout Report and stay on the 18 Nov 2025 Onwards tab.
On the Credit to Payout Account History chart, click the bar for the credit date you want. On a phone, tap the bar, then tap View transactions.
A window opens titled Credit to Payout Account on that date. If the green Interchange++ badge is shown next to the title, that credit is priced under Interchange++. At the top right you also see an Export button to download the report and an ✕ to close.
The window shows the columns for that credit's pricing model:
Mode | What you see |
Blended | The standard transaction list: each sale with its date, store, payment method, receipt number, amount and fee columns. The simple view. |
IC++ | The Interchange++ breakdown: the same credit split into Interchange, Scheme fees, Processing Fee and Gateway Fee, so you can see exactly what each part costs. |
The summary cards
Six cards at the top of the IC++ window summarise the credit:
Card | What it tells you |
Gross volume | Your total card sales in the credit, plus the number of transactions (for example, 63 txns). |
Interchange | The fee paid to your customers' card-issuing banks, shown with its % of gross volume. Pass-through: Qashier charges it at cost. |
Scheme fees | The Visa and Mastercard network fees, shown with its % of gross volume. Also pass-through, at cost. |
Processing Fee | Qashier's percentage fee, shown with its blended % of gross volume. It includes any minimum-fee top-up on small sales. |
Gateway Fee | The fixed per-transaction fee, if it is on your contract, shown with its % of gross volume. |
Net credited | The total credited to your payout account. |
"Pass-through" means Qashier adds nothing on top. Interchange and Scheme fees are passed to you exactly as they cost. Qashier's own charges are the Processing Fee and, where it applies, the Gateway Fee.
The transaction table
Each sale in the list shows:
Transaction Date, Store Name and Receipt Number.
Payment Method, with a coloured tag underneath: green Domestic for a locally issued card, orange International for a foreign-issued card.
Amount ($): the sale value, in SGD.
Interchange ($): the amount, with its % of the sale underneath.
Processing Fee ($): amount only. The rate appears on the summary card.
Gateway Fee ($): amount only.
Net ($): what is left for that sale after fees.
Scheme fees are not shown on each row. The card networks charge them per settlement batch, not per sale, so they appear on the Scheme fees summary card and in the panel under the table, Scheme fees — charged per settlement batch, which breaks them down by Visa and Mastercard and by Domestic and International cards.
The totals under the table are Total Transaction Amount, Total Interchange, Total Scheme Fees, Total Processing Fee, Total Gateway Fee and Total Credit Amount. Click any row to open that transaction's receipt.
Breakdown of the fees
Interchange: goes to the bank that issued your customer's card. Set by Visa and Mastercard, not Qashier. Passed to you at cost.
Scheme fees: what Visa and Mastercard charge to run their networks. Passed to you at cost. Foreign cards usually cost more.
Processing Fee: Qashier's fee, a percentage of each sale. It includes any minimum-fee top-up on small sales.
Gateway Fee: a fixed fee per transaction, charged only if it is part of your contract.
An example calculation
Illustrative rates only; your rates are set in your QashierPay agreement. This example assumes no Gateway Fee.
Summary | Value |
Gross volume (your card sales) | SGD 5,000.00 |
Interchange (pass-through) | SGD 90.00 (1.80%) |
Scheme fees (pass-through) | SGD 13.50 (0.27%) |
Processing Fee (Qashier's fee) | SGD 25.00 (0.50%) |
Gateway Fee | SGD 0.00 (none on this contract) |
Net credited to your payout account | SGD 4,871.50 |
Effective cost rate | 2.57% |
How to read it: out of SGD 5,000 in card sales, the total cost of accepting those cards was about 2.57%, and SGD 4,871.50 was credited to your payout account.
The effective cost rate (2.57%) is your headline number. It adds Interchange, Scheme fees, Processing Fee and any Gateway Fee into one percentage of sales, so you can compare it month to month.
Exporting the report
Click Export at the top right of the window to download that credit for your accounting or bookkeeping. The export keeps the same parts: amounts, Interchange, Scheme fees, Processing Fee, Gateway Fee and the net credited amount.
Refunds
The refund amount is taken out of the credit for the batch in which the refund happens.
On the report, a refund shows as a negative amount, lowering that credit's net total.
Whether the fees on the original sale are reversed on a refund is set out in your QashierPay agreement. If you are unsure, contact support.
Other useful information
When you get paid: card payouts follow the standard Singapore schedule. See [SG] When Will I Receive My Payouts? Settlement & Payout Schedule, which also explains the minimum payout amount.
Amounts shown: the report shows every fee and net amount to 2 decimal places.
Only the Processing Fee and Gateway Fee are Qashier's fees. Interchange and Scheme fees are passed through at cost and set by Visa and Mastercard.
Frequently asked questions
Do I need to set up anything to see this breakdown?
No. Once your account is on IC++ pricing, every credit in your Payout Report shows the itemised breakdown automatically. There is nothing to configure.
Can I switch between Blended and IC++ pricing?
Switching pricing models can be arranged with your Qashier account manager.
If my rate changes, will my past payouts be recalculated?
No. Settled credits never change. A new rate applies only to transactions from its effective date onwards.
Does IC++ affect PayNow, WeChat Pay or other payment methods?
No. IC++ applies to Visa and Mastercard card acceptance only. All other payment methods are unaffected and shown the same as before.
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Last verified: 25 Sep 2026 · Markets: SG