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O3Merchant Services would like to inform you that our industry has 2 ways of charging merchants.
Some merchants are getting charged traditional tiered method and some with interchange cost method.

Tiered method:

In this method merchants get charged in 3-4 classes of pricing
Check Card (Debit Cards)
Qualified (Regular Credit Cards)
Mid Qualified (Credit Cards with Rewards)
Non Qualified (Corporate, Business & Foreign Cards)

Interchange Cost:

This method is usually used for high volume merchants
“Interchange cost” is the portion that merchants get deducted by issuing banks for the cost of  various cards & “plus” is the margin that O3 shares with the processor.