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2. 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 ...

3. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/lower-mastercard-visa-swipe-fees...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

4. Paying With Cash Could Save You $1,000 a Year — Here’s Why

   www.aol.com/paying-cash-could-save-1-173720459.html

   In fact, The Merchants Payments Coalition estimates that all these credit card processing fees cost the average family more than $1,000 in 2022, up from $900 in 2021. That’s quite a hefty amount.

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

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

   For one, the business has to notify the appropriate credit card associations and clearly disclose that it charges a fee for the use of a credit card. Credit card surcharges can’t exceed the cost ...

6. Merchant account - Wikipedia

   en.wikipedia.org/wiki/Merchant_account

   Merchant account. A merchant account is a type of bank account that allows a seller, known as the merchant, to accept payments by 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. In some cases a payment processor ...

7. 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 ...