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  2. Payment card interchange fee and merchant discount antitrust ...

    en.wikipedia.org/wiki/Payment_Card_Interchange...

    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 fixing and other allegedly anti-competitive trade ...

  3. Surcharge (payment systems) - Wikipedia

    en.wikipedia.org/wiki/Surcharge_(payment_systems)

    Surcharge (payment systems) A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [1]

  4. Deadline for businesses to apply for their share of massive ...

    www.aol.com/news/deadline-businesses-apply-share...

    A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard. The settlement stems from a 2005 lawsuit that ...

  5. Interchange fee - Wikipedia

    en.wikipedia.org/wiki/Interchange_fee

    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 credit card or debit card transaction, the card ...

  6. How to settle credit card debt - AOL

    www.aol.com/finance/settle-credit-card-debt...

    Here are some examples from different lenders: Capital One: Call the Capital One personal credit card service line at 1-800-227-4825 to start the settlement process. Citi: Call Citi’s customer ...

  7. What are credit card surcharges and where are they legal? - AOL

    www.aol.com/news/credit-card-surcharges-where...

    For premium support please call: 800-290-4726 more ways to reach us

  8. Credit card debt - Wikipedia

    en.wikipedia.org/wiki/Credit_card_debt

    Credit card debt results when a client of a credit card company purchases an item or service through the card system. Debt grows through the accrual of interest and penalties when the consumer fails to repay the company for the money they have spent. If the debt is not paid on time, the company will charge a late-payment penalty and report the ...

  9. Can a business charge for using a credit card? - AOL

    www.aol.com/finance/business-charge-using-credit...

    When a business chooses to impose a credit card surcharge, there are protocols that have to be followed. For one, the business has to notify the appropriate credit card associations and clearly ...

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