
What Interchange Fees Actually Are — and Who Ends Up Paying Them
Interchange is the fee a merchant's bank pays the cardholder's bank on every card transaction, and it is set by the networks, not negotiated by the store on the…
Payments explains the transfer of money between parties: authorization messaging, interchange and scheme fees, clearing windows, settlement finality, and the cost of moving value across borders. Card, bank transfer and instant rails are compared directly. For product teams and operators needing fee and timing mechanics stated exactly.

Interchange is the fee a merchant's bank pays the cardholder's bank on every card transaction, and it is set by the networks, not negotiated by the store on the…

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