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King Fahd University of Petroleum and Minerals (KFUPM) is a nonprofit [1] research university in Dhahran, Eastern Province, Saudi Arabia. Established in 1963 by King Saud bin Abdulaziz as the College of Petroleum and Minerals , it is ranked among the most prestigious academic institutions in Saudi Arabia .
A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] 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. [2]
These fees are set by the credit card networks, [1] 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 ...
Starting balance. Monthly payments. Months to pay off card. Interest paid. Regular credit card. $5,000. $300. 20. $949. Balance transfer card with fee applied. $5,150
Interchange fees [8] (or trade fees) are transaction charges that the acquiring bank pays when a payment is being processed via debit or credit card. The expenses are paid to the issuing bank and cover costs, such as processing fees, bad debt , and charges due to risk and potential fraudulent activities .
In the United States in 2008 credit card companies collected a total of $48 billion in interchange fees, or an average of $427 per family, with an average fee rate of about 2% per transaction. [ 72 ] Credit card rewards result in a total transfer of $1,282 from the average cash payer to the average card payer per year.
Dhahran (Arabic: الظهران, romanized: Ad͟h D͟hahrān) is a city located in the Eastern Province, Saudi Arabia.With a total population of 143,936 as of 2022, [1] it is a major administrative center for the Saudi oil industry.
The University of Dammam was founded 1975 with two colleges - the College of Medicine and the College of Architecture. Both male and female students have been enrolled at the University since its inception. [5] Other colleges followed: Applied Medical Sciences (1995), Dentistry (2001), Applied Studies and Community Services (2003) and Nursing.