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Most debit interchange fee rates are set as a percentage of the transaction amount plus a flat fee (e.g., 0.95% + $0.20).
The fee for processing a credit card is usually much larger, because it is expressed as a percentage of the transaction amount rather than a flat fee.
Each time they do so, Visa takes a little of the transaction amount for itself".
Banks charge gas retailers a percentage of the transaction amount to help cover the costs of processing the payment and other costs.
In exchange for enabling Alipay transactions, the international partners of Alipay, banks included, get a piece of the transaction amount as commission.
As a result, any processing cost, or transaction cost, becomes a high percentage of the transaction amount.
Many gas credit cards often charge 3percentt of the transaction amount as a fee, so station owners are paying more in credit card fees.
Square previously charged 2.75% of each transaction amount plus a flat $0.15 per transaction fee.
The transaction amount matches a health plan deductible or co-pay amount.
The commission charge for purchases made in a foreign currency is 2% of the transaction amount.
The transaction amount and merchant match a previously approved transaction you made during this plan year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com