Phrases with «merchant fees»

Merchant fees refer to the charges or fees that businesses need to pay when accepting payments from customers using credit or debit cards. These fees are deducted by the payment processing companies or banks as a part of their service for facilitating the transaction. Full definition

Sentences with «merchant fees»

  • Not surprisingly, credit card merchant fees have long been a source of frustration among retailers. (canadianbusiness.com)
  • Every time you use your credit card, your bank gets paid merchant fees by the store, restaurant, hotel or any other merchant. (get.com)
  • You save by earning rewards, the bank or credit card company makes money off merchant fees, and the merchant makes a sale that they might not have made if they required cash. (get.com)
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