What You Need to Know About Credit-Card Interchange Fees

By: Steve Shollenberger and Robert Fifield

Associations can get hit with steep fees from credit-card providers depending on how charges are made and processed. Knowing what's involved in interchange fees can save you money with each purchase.

If you are like most merchants, upon receiving your processing statement you skip directly to the total fees section, shrug your shoulders or shake your head, then record an entry for the fees. But what makes up all these fees, exactly? ...