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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. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   The Durbin amendment, implemented by Regulation II, [1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...

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

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

   A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013. Debit cards and transactions in the ten states that prohibit credit-card surcharges will not be affected.

5. Supreme Court 'swipe fees' ruling may open US regulations to ...

   www.aol.com/news/supreme-court-swipe-fees-ruling...

   July 1, 2024 at 10:03 AM. By John Kruzel. WASHINGTON (Reuters) -The U.S. Supreme Court on Monday revived a North Dakota convenience store's challenge to a Federal Reserve regulation on debit card ...

6. When You Swipe a Card, Who Should Pay -- and How Much ... - AOL

   www.aol.com/news/2010-06-18-the-debate-over...

   In reality, the swipe fees are separate charges for the banks and credit card companies. If a merchant pays a $2 fee on a $100 transaction, about $1.60 of that goes to the customer's bank and a ...

7. Fed wants to lower 'swipe fees,' a potential blow to banks ...

   www.aol.com/finance/fed-wants-lower-swipe-fees...

   Banks that issue the cards pocket the revenue made from the fees charged to the merchants. Read more: Credit card fees explained: 8 types you should know Credit cards are pictured in a wallet.