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- Interchange_fee abstract "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 it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"); however there are instances where the interchange fee is paid from the issuer to acquirer, often called reverse interchange.In a credit card or debit card transaction, the card-issuing bank in a payment transaction deducts the interchange fee from the amount it pays the acquiring bank that handles a credit or debit card transaction for a merchant. The acquiring bank then pays the merchant the amount of the transaction minus both the interchange fee and an additional, usually smaller, fee for the acquiring bank or independent sales organization (ISO), which is often referred to as a discount rate, an add-on rate, or passthru. For cash withdrawal transactions at ATMs, however, the fees are paid by the card-issuing bank to the acquiring bank (for the maintenance of the machine).These fees are set by the credit card networks, and are the largest component of the various fees that most merchants pay for the privilege of accepting credit cards, representing 70% to 90% of these fees by some estimates, although larger merchants typically pay less as a percentage. Interchange fees have a complex pricing structure, which is based on the card brand, regions or jurisdictions, the type of credit or debit card, the type and size of the accepting merchant, and the type of transaction (e.g. online, in-store, phone order, whether the card is present for the transaction, etc.). Further complicating the rate schedules, interchange fees are typically a flat fee plus a percentage of the total purchase price (including taxes). In the United States, the fee averages approximately 2% of transaction value.In recent years, interchange fees have become a controversial issue, the subject of regulatory and antitrust investigations. Many large merchants such as Wal-Mart have the ability to negotiate fee prices, and while some merchants prefer cash or PIN-based debit cards, most believe they cannot realistically refuse to accept the major card network-branded cards. This holds true even when their interchange-driven fees exceed their profit margins. Some countries, such as Australia, have established significantly lower interchange fees, although according to a U.S. Government Accountability study, the savings enjoyed by merchants were not passed along to consumers. The fees are also the subject of several ongoing lawsuits in the United States.".
- Interchange_fee thumbnail TPE_Ingenico_Elite_510.jpg?width=300.
- Interchange_fee wikiPageID "7674607".
- Interchange_fee wikiPageLength "23343".
- Interchange_fee wikiPageOutDegree "27".
- Interchange_fee wikiPageRevisionID "676943789".
- Interchange_fee wikiPageWikiLink Automated_teller_machine.
- Interchange_fee wikiPageWikiLink Bill_Gates.
- Interchange_fee wikiPageWikiLink Category:Credit_card_terminology.
- Interchange_fee wikiPageWikiLink Category:Merchant_services.
- Interchange_fee wikiPageWikiLink Chris_Dodd.
- Interchange_fee wikiPageWikiLink Credit_card.
- Interchange_fee wikiPageWikiLink Durbin_Amendment.
- Interchange_fee wikiPageWikiLink European_Commission.
- Interchange_fee wikiPageWikiLink House_Judiciary_Committee.
- Interchange_fee wikiPageWikiLink John_Conyers.
- Interchange_fee wikiPageWikiLink Loyalty_program.
- Interchange_fee wikiPageWikiLink MasterCard.
- Interchange_fee wikiPageWikiLink Merchant_account.
- Interchange_fee wikiPageWikiLink Micropayment.
- Interchange_fee wikiPageWikiLink Micropayments.
- Interchange_fee wikiPageWikiLink Neelie_Kroes.
- Interchange_fee wikiPageWikiLink Norm_Coleman.
- Interchange_fee wikiPageWikiLink Payment_Card_Interchange_Fee_and_Merchant_Discount_Antitrust_Litigation.
- Interchange_fee wikiPageWikiLink Price-fixing.
- Interchange_fee wikiPageWikiLink Price_fixing.
- Interchange_fee wikiPageWikiLink Public_sector_organisations_in_New_Zealand.
- Interchange_fee wikiPageWikiLink Reserve_Bank_of_Australia.
- Interchange_fee wikiPageWikiLink State_sector_organisations_in_New_Zealand.
- Interchange_fee wikiPageWikiLink Surcharge_(payment_systems).
- Interchange_fee wikiPageWikiLink U.S._Justice_Department.
- Interchange_fee wikiPageWikiLink United_States_Congress.
- Interchange_fee wikiPageWikiLink United_States_Department_of_Justice.
- Interchange_fee wikiPageWikiLink United_States_House_Committee_on_the_Judiciary.
- Interchange_fee wikiPageWikiLink Visa_Inc..
- Interchange_fee wikiPageWikiLink File:Gao-report-on-interchange.gif.
- Interchange_fee wikiPageWikiLink File:TPE_Ingenico_Elite_510.jpg.
- Interchange_fee wikiPageWikiLinkText ""Interchange Fee"".
- Interchange_fee wikiPageWikiLinkText "Interchange fee".
- Interchange_fee wikiPageWikiLinkText "interchange fee".
- Interchange_fee wikiPageWikiLinkText "interchange".
- Interchange_fee wikiPageWikiLinkText "merchant fees".
- Interchange_fee wikiPageWikiLinkText "transaction fees".
- Interchange_fee hasPhotoCollection Interchange_fee.
- Interchange_fee wikiPageUsesTemplate Template:Citation_needed.
- Interchange_fee wikiPageUsesTemplate Template:Credit_cards.
- Interchange_fee wikiPageUsesTemplate Template:Reflist.
- Interchange_fee subject Category:Credit_card_terminology.
- Interchange_fee subject Category:Merchant_services.
- Interchange_fee hypernym Term.
- Interchange_fee type Article.
- Interchange_fee type Article.
- Interchange_fee type Card.
- Interchange_fee type Service.
- Interchange_fee type Term.
- Interchange_fee comment "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.".
- Interchange_fee label "Interchange fee".
- Interchange_fee sameAs Commission_dinterchange.
- Interchange_fee sameAs Opłata_interchange.
- Interchange_fee sameAs m.0268jj8.
- Interchange_fee sameAs Q2986460.
- Interchange_fee sameAs Q2986460.
- Interchange_fee wasDerivedFrom Interchange_fee?oldid=676943789.
- Interchange_fee depiction TPE_Ingenico_Elite_510.jpg.
- Interchange_fee isPrimaryTopicOf Interchange_fee.