Short answer
A form of interchange-plus pricing that lists interchange and card network fees as two separate pass-through lines, plus the processor markup.
IC++ is common in Europe and increasingly offered in the US. The first “plus” is the card network (scheme) fees, the second is the processor’s markup. Splitting network fees out makes it easy to check that they are passed through at cost rather than padded.
When you compare offers, an IC+ quote and an IC++ quote can describe the same total cost; what matters is whether network fees are included at cost and what the markup is. More in our guide to interchange-plus pricing.
Part of our guide to interchange-plus pricing explained.
Related terms
- Interchange-plus pricing: A pricing model where you pay the actual interchange and network fees on each payment, plus a fixed processor markup.
- Card network fees: Fees charged by Visa, Mastercard and the other card networks for using their networks, separate from interchange.
- Processor markup: The part of a card fee that your processor keeps, on top of interchange and card network fees.