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2. Who pays for credit card rewards? - AOL

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

   The merchant middlemen also indirectly pay for credit card rewards by paying interchange fees, typically 1.5 to 3.5 percent of each purchase that a consumer charges to their card.

3. Merchant account - Wikipedia

   en.wikipedia.org/wiki/Merchant_account

   A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically 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, independent sales ...

4. Acquiring bank - Wikipedia

   en.wikipedia.org/wiki/Acquiring_bank

   An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express.

5. 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 ...

6. Looking to open a business bank account? 7 things you may ...

   www.aol.com/finance/looking-open-business-bank...

   A merchant services account allows you to take debit and credit card payments from customers. You’ll want to compare the transaction fees (usually charged per transaction) for different merchant ...

7. Issuing bank - Wikipedia

   en.wikipedia.org/wiki/Issuing_bank

   An issuing bank (also called an issuer) is part of the 4-party model of payments. [2] It is the bank of the consumer (also called a cardholder) and is responsible for paying the merchant's bank (called an Acquiring Bank or Acquirer) for the goods and services the consumer purchases. It issues the payment card and holds the account with the ...