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2. 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 ...

3. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   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 ...

4. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   Interchange fees or "debit card swipe fees" are paid to banks by acquirers for the privilege of accepting payment cards. Merchants and card-issuing banks have long fought over these fees. Prior to the Durbin amendment, card swipe fees were previously unregulated and averaged about 44 cents per transaction. [3]

5. Acquiring bank - Wikipedia

   en.wikipedia.org/wiki/Acquiring_bank

   An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express.

6. Online banks vs. traditional banks: Comparing rates, features ...

   www.aol.com/finance/online-banks-vs-traditional...

   Benefits of online and digital banking. Higher rates and lower fees. Online banks save a bundle without operating branch locations, and these savings translate into stronger annual percentage ...

7. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...