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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. 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. In some cases a payment processor, payment service provider ...

4. E-commerce payment system - Wikipedia

   en.wikipedia.org/wiki/E-commerce_payment_system

   E-commerce payment system. An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping ...

5. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   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 ...

6. Amazon to Hike Merchant Fees in 2020 to Cover Rising ... - AOL

   www.aol.com/news/amazon-hike-merchant-fees-2020...

   Amazon (AMZN) is planning to raise merchant fees for warehousing and shipping goods by 3% on an average in 2020. Amazon (AMZN) is planning to raise merchant fees for warehousing and shipping goods ...

7. Checking account fees: What they are and how to avoid them - AOL

   www.aol.com/finance/checking-account-fees-avoid...

   The average overdraft fee is $26.61 and the average NSF fee is $19.94, ... Fees tend to rise just like the cost of other goods and services. Like any business, a bank may try to generate revenue ...