CardConnect Fees and Updates For Payment Processing

Last Updated: 9/8/2023

Our team here at Merchant Cost Consulting is always monitoring the latest interchange fees from payment processors and card networks industry-wide. 

Read on to learn more about CardConnect’s fees, rate increases, and other noteworthy updates that could impact your cost of accepting card payments. 

CardConnect Rate Increases and Updates (September 2023)

As of September 2023, CardConnect is increasing its discount rates by 0.10% for Visa, Mastercard, Discover, American Express, and PIN debit transactions. 

CardConnect is also increasing Authorization Fees by $0.05 on all Visa, Mastercard, Discover, Amex, and PIN debit transactions.

These changes will appear either on or after September’s month-end statements. 

About CardConnect

CardConnect is a payments platform from Fiserv. 

Founded in 2006, the company provides various payment solutions and technology for businesses of all sizes. They offer solutions for merchant accounts, ISV partners, agents, ISOs, and VARs. 

CardConnect was acquired by First Data in 2017, and then FirstData was acquired by Fiserv in 2019. Throughout the acquisitions, CardConnect has maintained its own branding and products—even though they’re currently a subsidiary of Fiserv.