The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price ...
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In ...
A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. ...
An interchange fee is a small amount of money a merchant pays, mostly to card issuers, when you buy something with a credit or debit card. Learn how interchange fees work.
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The merchant discount rate is a fee charged to a merchant for payment processing services on debit and credit card transactions.
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DBS Cards - Terms & Conditions ; Full payment must be charged in a single receipt to a DBS/POSB Credit or Debit Card unless otherwise stated. ; Promotions are not valid with other on-going promotions, discounts, offers, vouchers, rebates or privileges. ; Gifts, purchase-with-purchase items and other privileges are limited to one per customer and on a while-stocks-last basis, unless otherwise stated. ; DBS and its merchants reserve the right to replace the gift/complimentary item (with an item of similar value) if it is unavailable at the time of purchase/ confirmation of order, where applicable.
Merchant swipe fees varied noticeably between credit card brands, with Discover being the cheapest of the four main networks found in the United States.
A merchant category code ( MCC ) is a four-digit number used for retail financial services to classify a business by the types of goods or services it provides. Codes are specified by the ISO 18245 standard. Assignment of codes MCCs are assigned either by merchant type (e.g., one for hotel...