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2. Merchant account - Wikipedia

   en.wikipedia.org/wiki/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.

3. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   In a credit card or debit card transaction, the card-issuing bank in a payment transaction deducts the interchange fee from the amount it pays the acquiring bank that handles a credit or debit card transaction for a merchant. The acquiring bank then pays the merchant the amount of the transaction minus both the interchange fee and an additional ...

4. Card-not-present transaction - Wikipedia

   en.wikipedia.org/wiki/Card-not-present_transaction

   In addition, the merchant account would be assessed a chargeback fee by the acquiring bank. [1] This is the opposite of a card present transaction, when the issuer of the card is liable for restitution. [2] Because of the greater risk, some card issuers charge a greater transaction fee to merchants who routinely handle card-not-present ...

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

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

   Whenever a merchant accepts a credit card payment, the credit card network that processes the payment will charge a merchant fee. The merchant is expected to cover this fee. However, those fees ...

6. 13 common bank fees you shouldn't be paying — and how to ...

   www.aol.com/finance/avoid-common-bank-fees...

   2. Overdraft fees. 💵 Typical cost: $26 to $35 per occurrence Overdraft fees happen when you spend more money than you have in your checking account, and the bank covers the difference ...

7. Surcharge (payment systems) - Wikipedia

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

   A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] 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. [2]