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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. Square (financial services) - Wikipedia

   en.wikipedia.org/wiki/Square_(financial_services)

   Square is a financial services platform by Block, Inc. for small and medium-sized businesses. [1] [2] It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations. As of 2023, Square reports 4 million merchant clients and an annual payment value of US$ 210 billion.

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. Avoid These 3 Credit Card Myths That Cost You Money - AOL

   www.aol.com/avoid-3-credit-card-myths-163011810.html

   For example, you have $5,000 in credit card debt at a 21% APR (the average right now is 21.51%, according to Federal Reserve data). If you only pay the minimum, it will take you over 23 years to ...

6. 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 ...

7. Payment processor - Wikipedia

   en.wikipedia.org/wiki/Payment_processor

   Payment processor. A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to ...

8. Mastercard - Wikipedia

   en.wikipedia.org/wiki/Mastercard

   Mastercard. Logo used since 2019, with the current symbol since 2016 without the "Mastercard" wordmark. Mastercard Inc. (stylized as MasterCard from 1979 to 2016, mastercard from 2016 to 2019) is an American multinational payment card services corporation headquartered in Purchase, New York. [3] It offers a range of payment transaction ...

9. How much does your credit card debt cost you? - AOL

   www.aol.com/news/2008-01-02-how-much-does-your...

   Unless you pay off your credit card in full each month, you likely have no idea exactly how much your credit card debt is costing you. While some consumers may know that they have a special ...