credit-card-processing-interchange-explanation.wmv

Interchange is the fee that we pay every time we process a credit card or debit transaction. It's a cost of doing business—usually around two percent of the transaction price. Periodically during the year, Visa and MasterCard evaluate their processes, regulations and fees and announce rate changes and new fees. And although the card companies set interchange rates, there are steps we can take to avoid paying more than what's absolutely necessary

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Education

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• credit card processing
• payment transaction systems
• merchant account explanation
• interchange explanation