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2. 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]

3. EFTPOS - Wikipedia

   en.wikipedia.org/wiki/EFTPOS

   For the merchant, cash out is a way of reducing their net cash takings, saving on banking of cash. There is no additional cost to the merchant in providing cash out because banks charge a merchant a debit card transaction fee per EFTPOS transaction, [7] and not on the transaction value. Cash out is a facility provided by the merchant, and not ...

4. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   These fees are set by the credit card networks, [1] and are the largest component of the various fees that most merchants pay for the privilege of accepting credit cards, representing 70% to 90% of these fees by some estimates, although larger merchants typically pay less as a percentage. Interchange fees have a complex pricing structure, which ...

5. Foreign transaction fees vs. currency conversion fees: What ...

   www.aol.com/finance/foreign-transaction-fees-vs...

   A foreign transaction fee is a surcharge that your card issuer or bank applies when you make a purchase in a foreign country or with an international merchant online. While not all credit cards ...

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

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

   Credit card surcharges can’t exceed the cost of accepting the card or 4 percent, whichever is the lower amount, even if it costs the business more than that amount to process your credit card ...

7. 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 ...

8. Electronic funds transfer - Wikipedia

   en.wikipedia.org/wiki/Electronic_funds_transfer

   According to the United States Electronic Fund Transfer Act of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account". [2] Funds Transfer example

9. Visa lowers merchant credit fees for small businesses - AOL

   www.aol.com/news/visa-lowers-merchant-credit...

   Visa says it will lower its credit card “swipe” fees for online and in-store transactions by 10% for small businesses starting in April. The move comes as the pandemic continues to accelerate ...