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

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

   The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. [21] That settlement was reversed. Currently one for US$ 6.24 billion is scheduled to go before the district court on November 7, 2019.

4. 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 ...

5. 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 ...

6. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/finance/lower-mastercard-visa-swipe...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

7. Payment Card Industry Data Security Standard - Wikipedia

   en.wikipedia.org/wiki/Payment_Card_Industry_Data...

   According to Visa's compliance validation details for merchants, level-4 merchant compliance-validation requirements ("Merchants processing less than 20,000 Visa e-commerce transactions annually and all other merchants processing up to 1 million Visa transactions annually") are set by the acquirer. Over 80 percent of payment-card compromises ...

8. Credit card swipe fees add to consumers' costs, but here's a ...

   www.aol.com/credit-card-swipe-fees-add-120327276...

   Credit Card Competition Act would fix a broken payments market. Swipe fees are ultimately paid by consumers, totaling $1.8 billion in Tennessee last year. Nationwide, they have more than doubled ...

9. Merchant category code - Wikipedia

   en.wikipedia.org/wiki/Merchant_category_code

   MCCs are assigned either by merchant type (e.g., one for hotels, one for office supply stores, etc.) or by merchant name (e.g., 3000 for United Airlines [1]) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment. [2]