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

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

    The reason most sellers charge fees boils down to how credit card transactions work. Whenever a merchant accepts a credit card payment, the credit card network that processes the payment will ...

  3. 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 ...

  4. Who pays for credit card rewards? - AOL

    www.aol.com/finance/pays-credit-card-rewards...

    Every time a credit card is used to pay for a good or service, the merchant will be charged an interchange fee (also referred to as swipe fee) usually ranging from 1.5 percent to 3.5 percent of ...

  5. 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 ...

  6. Credit card - Wikipedia

    en.wikipedia.org/wiki/Credit_card

    The interchange fee that applies to a particular transaction is also affected by many other variables including the type of merchant, the merchant's total card sales volume, the merchant's average transaction amount, whether the cards were physically present, how the information required for the transaction was received, the specific type of ...

  7. Visa, Mastercard Will Lower Credit Card Fees — How It ... - AOL

    www.aol.com/visa-mastercard-lower-credit-card...

    What Are Credit Card Fees? USA Today explained that credit card fees are the interchange fees charged to the merchant to process your payment. Most of that fee is paid to the bank issuing the ...

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