Interchange (IC) ++ is an alternative pricing model to flat-rate pricing. IC++ pricing is offered to eligible merchants for receiving card payments (including wallets like Apple Pay and Google Pay) in the PayPal Commerce Platform. To be eligible for the IC++ pricing model, you’ll need to complete onboarding and set up Advanced Checkout to receive credit and debit card payments.

When IC++ pricing is turned on, you can receive the full amount from an eligible card payment at the time of transaction without paying for the card processing fee and interchange fee. You’ll receive an invoice once a month for the accumulative fees, and PayPal will auto-debit those fees from a bank account of your choice. You’ll also receive monthly reports that show a detailed breakdown of your costs.

To learn more about the IC++ pricing rate, visit the Fees page.

To learn more about integrating Advanced Checkout into your site and accessing developer documentation, visit the PayPal Developer Portal.

How do I turn on or off IC++ pricing?

Eligible business account customers will have the option to turn on IC++ pricing from their account profile. 

Here’s how to turn on IC++ pricing from a desktop:

1. Go to Account Settings.
2. Click Payment preferences in the left menu.
3. Click Turn on next to “IC++ pricing with gross settlement.”
4. Review the details about IC++, and click Continue.
5. Select a bank account that you want to mandate PayPal to auto-debit for your card processing fees every month, and click Use This Account.

You can come back to your Account Settings to turn off IC++ pricing or change a bank account for auto-debiting anytime. Once IC++ pricing is turned off, the standard commercial transaction rate will be charged on the payments you receive after. You may receive one last invoice at the beginning of the following month for any unpaid IC++ fees.

On what date will I receive the invoice for the IC++ fees and be charged?

After you turn on IC++ pricing, you’ll receive an invoice on the seventh day of every month for the card processing fees accumulated from the applicable card payments you’ve received in the previous month. Your assigned bank account will be auto-debited on the 10^th.
If you turn off IC++ during the month, you may receive one last invoice at the beginning of the following month for any unpaid IC++ fees.  

Where do I see the IC++ fees I’m charged?

While IC++ pricing is enabled, the card processing fee for the applicable card payments will be grossly settled. This means you won't see the card processing fee amount on the transaction details page of these payments. (You'll continue to see other fees listed there, such as cross-border transaction or currency conversion fees.)
You’ll be able to see the card processing fee details in the following reports on the Reports page:

• Monthly Statement report: provides an overview of the card processing fee accumulated from the previous month.
• Fees report: breaks down the card processing fee components per transaction.

These reports are available for download by the fifth day of every month. You can find the reports by clicking Payments Reports in the left menu on the Reports page.

For more information on reconciling your IC++ fees, please refer to the Reporting Developer documentation page.

What happens if my bank account doesn’t have enough money to pay the IC++ fees?

The accumulated IC++ fees will be auto-debited from your designated bank account on the 10th day of every month. If there isn't enough money in the bank account to cover the fee, we'll notify you via email and try to debit again later. 

If the subsequent debiting is unsuccessful, your PayPal balance will become negative. Some account functionalities will be limited until you resolve the negative balance.  

What happens to the IC++ fees if the associated payment is reversed?

Depending on the card-issuing bank, if the bank returns a portion of its fee, this fee will be returned to you. The amount will show up as an adjustment in your invoice for the coming month.