Sentence examples for interchange fee for from inspiring English sources

The restaurant would be charged the typical interchange fee for a credit card transaction.

Card companies generate those returns by charging an "interchange fee" for every credit or debit transaction they run — when a merchant accepts your card for a $100 item, it gets approximately $98 in payment.

The Visa and MasterCard interchange fee for this service is around $1.50 for a $100 purchase.Logically, retailers would prefer customers to use the online method at less than a tenth of the cost.

The Fed had been established in 1913 in large measure to end the then widespread practice of banks' charging a similar "interchange" fee for the use of paper checks.

The Fed found that the average interchange fee for all debit transactions in 2009 was 44 cents per transaction, or 1.14% of the transaction amount.

Allowing merchants to choose an acquirer outside their own Member State ('cross border acquiring') and imposing a maximum level of interchange fee for both cross border and domestic acquired transactions should provide the necessary legal clarity.

Visa says it subsidises interchange fees for ATMs in vulnerable areas and sees its role as giving "consumers a choice in how they pay".

The tentative evidence from Australia is that caps on interchange fees for retailers have not been offset by any gain in the form of lower consumer prices.

The rules implementing his amendment capped interchange fees for most transactions at 21 cents plus 0.05% of the sum charged a 45% cut.

My impression had been that for at least for now the two-tiered structure of interchange fee pricing had held up, but this suggests that some dynamic is pushing down interchange fees for small banks too.

Considering that the price controls in the Durbin Amendment apply only to banks with more than $10 billion in assets, this suggests that the amendment must be having some sort of indirect effect on interchange fees for exempt banks.