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2. 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 ...

3. Merchant services - Wikipedia

   en.wikipedia.org/wiki/Merchant_services

   Merchant services. Merchant services is a broad category of financial services intended for use by businesses. [1] In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC / RFID ...

4. 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 ...

5. 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 ...

6. How credit card companies make money - AOL

   www.aol.com/finance/credit-card-companies-money...

   That’s because every time you use your card, the merchant pays a fee to cover the cost of processing the transaction. This is called an interchange — or swipe — fee .

7. Fee fight: Credit card transaction fees make foes of ... - AOL

   www.aol.com/news/2009-09-17-fee-fight-credit...

   Consumers may not think much about the credit card transaction fees that banks charge retailers. But both groups want you to -- and with a conflict heating up over how much those fees should be ...

8. Merchant Customer Exchange - Wikipedia

   en.wikipedia.org/wiki/Merchant_Customer_Exchange

   Headquarters. Waltham, Massachusetts. , United States. Owner. JPMorgan Chase. Merchant Customer Exchange ( MCX) was an American company created by a consortium of U.S. retail companies to develop a merchant-owned mobile payment system, which was to be called "CurrentC." The joint venture was announced on August 15, 2012.

9. 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 ...