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Interchange Fee

Overview#

Interchange Fee is charged to a merchant because the Card Issuer and Acquirer assume all, well most of, the risks on every Payment Card transaction (late or no payment, fraud etc…), yet fund the merchant within 48 hours of the sale.

A discount rate is largely comprised of the interchange and assessments. The discount fee that a merchant is charged depends of several factors including:

More Information#

There might be more information for this subject on one of the following: