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2. American Express - Wikipedia

   en.wikipedia.org/wiki/American_Express

   American Express Co. (2018), merchants filed a class action lawsuit against American Express and claimed that charging high fees to merchants is a violation of the Sherman Antitrust Act. [ 110 ] [ 111 ] According to the lawsuit, American Express charges significantly higher fees than other credit card providers.

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. Surcharge (payment systems) - Wikipedia

   en.wikipedia.org/wiki/Surcharge_(payment_systems)

   Surcharge (payment systems) A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [1]

5. eBay will stop accepting American Express due to ... - AOL

   www.aol.com/ebay-stop-accepting-american-express...

   The company cited "unacceptably high" processing fees as the reason. eBay says it will stop accepting American Express as a form of payment starting in August. The company cited "unacceptably high ...

6. Online marketplace eBay to drop American Express, citing fees ...

   www.aol.com/news/online-marketplace-ebay-drop...

   June 5, 2024 at 11:44 AM. NEW YORK (AP) — Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and ...

7. 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 ...

8. How to find a business merchant category code - AOL

   www.aol.com/finance/business-merchant-category...

   Merchant code range. Business type. 0001–1499. Agricultural services. 1500–2999. Contracted services. 4000–4799. Transportation services. 4800–4999. Utility ...

9. Card-not-present transaction - Wikipedia

   en.wikipedia.org/wiki/Card-not-present_transaction

   In addition, the merchant account would be assessed a chargeback fee by the acquiring bank. [1] This is the opposite of a card present transaction, when the issuer of the card is liable for restitution. [2] Because of the greater risk, some card issuers charge a greater transaction fee to merchants who routinely handle card-not-present ...