If your account is on Interchange++ (IC++) pricing, your card processing fee is no longer a single flat rate. Instead, every card transaction shows you the three real costs that make it up. This article explains what IC++ is and how to read the breakdown in your QashierHQ payout report.
This only affects Visa and Mastercard card payments. PayNow, WeChat Pay, and your other payment methods are shown the same as before.
What is Interchange++ (IC++)?
Interchange++ (IC++) is a card-processing pricing model that shows you the three real costs separately — Interchange fee + Scheme fee (+) + Acquirer Fees (+).
How it works : when a customer pays by card, there are three key parties involved in the transaction - the customer's bank (i.e. the bank that issued the customer's card, also referred to as the Interchange fee), the card network (i.e. Visa/Mastercard, also referred to as the Scheme fee), and your payment processor (i.e. Qashier, also referred to as the Acquirer fee). IC++ lists those three cost components separately, whereas a Blended rate takes the same three cost components but reports them to you as a single flat percentage.
Blended vs IC++:
Dimension | Blended (flat-rate) | IC++ |
What you're charged | One fixed % on every card | Interchange + Scheme fee + Acquirer fee |
Transparency | Breakdown hidden in one number | Every component itemised |
Predictability | Same rate every time, easy to calculate | Varies transaction to transaction |
Best for | Merchants who want simplicity | High-volume merchants who want cost transparency |
Viewing Your Payout Report in QashierHQ
Opening the report
In QashierHQ, go to Payout Report and click on a payout date. A window opens titled:
Credit to Payout Account on [date]
If the green Interchange++ badge is shown next to the title, that payout is priced using the new Interchange++ model.
At the top right you'll also see an Export button (to download the report) and an ✕ to close.
The payout report will show details based on that day's transaction setting
Mode | What you see | Pictures |
Blended
| The standard transaction lists — each sale with its date, store, payment method, receipt number and amount. The simple view.
| |
IC++ | The Interchange++ breakdown — the same payout split into Interchange, Scheme fees and Processing Fees, so you can see exactly what each part costs.
The transaction table Each sale shows:
Scheme fees are not shown on each row — they apply to the whole payout (the network charges them per batch, not per sale), so they appear once on the summary card above. |
|
The four summary cards
Card | What it tells you |
Gross volume | Your total card sales for the payout, plus the number of transactions (e.g. 63 txns). |
Interchange | The fee paid to your customer's card-issuing bank. Qashier charges it at cost and passes it through to you. |
Scheme fees | The Visa / Mastercard network fees. Also pass-through (at cost). |
Acquiring Fees | Qashier's service fee |
Net Credited | Total Crediting to your account |
"Pass-through" means Qashier does not add anything on top. Interchange and Scheme fees are passed to you exactly as they cost. Your only Qashier fee is the Processing Fees.
Breakdown of the 3 fees
Interchange — going to the bank that issued your customer's card. Set by Visa/Mastercard, not Qashier. Passed to you at cost.
Scheme fees — what Visa and Mastercard charge to run their network. Passed to you at cost. Foreign cards usually cost more.
Processing Fees — Qashier's service fee. A small percentage, sometimes with a small fixed fee.
An example calculation
Summary | Value |
Gross volume (your card sales) | $5,000.00 |
Interchange (pass-through) | $90.00 (1.80%) |
Scheme fees (pass-through) | $13.50 (0.27%) |
Acquirer fees (Qashier's fee) | $25.00 (0.50%) |
Net credited to your bank | $4,871.50 |
Effective cost rate | 2.57% |
How to read it: out of $5,000 in card sales, the total cost of accepting those cards was about 2.57%, and $4,871.50 was deposited to your bank.
The Effective cost rate (2.57%) is your headline number — it adds up Interchange, Scheme fees and Processing Fees as one percentage of sales, so you can compare it month to month.
Exporting the report
Click Export (top right) to download the payout for your accounting or bookkeeping. The export keeps the same parts: amounts, interchange, Processing Fees, scheme fees and the net credited amount.
Refunds
Refunds work the same way as before:
The refund amount is taken out of the payout for the batch in which the refund happens.
No fees are reversed and no new fees are charged on a refund. The fees on the original sale stay as they were.
On the report, a refund shows as a negative amount, lowering that payout's net total.
Other useful information
When you get paid: payouts arrive on a T+1 basis (next business day)
Minimum payout: $100
Rounding: each transaction's fee is rounded up to the nearest cent
Only the Acquirer fee is Qashier's fee. Interchange and Scheme fees are passed through at cost and determined by Visa/Mastercard.
Frequently Asked Questions
Do I need to set up anything to see this breakdown?
No. Once your account is on IC++ pricing, every payout report automatically shows the itemized breakdown — there's nothing to configure on your end.
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 payouts never change. A new rate only applies to transactions from its effective date forward.
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.