Interchange fee - Revision history

Doug: Add link.

2024-05-09T02:23:14Z

Add link.

← Older revision		Revision as of 02:23, 9 May 2024
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	== See also ==		== See also ==
	* [[Acquirer]]		* [[Acquirer]]
			* [[Anti-steering provision]]
	* [[Card not present]] (CNP)		* [[Card not present]] (CNP)
	* [[Credit]]		* [[Credit]]

Doug: Add quote - source - linked page.

2023-10-29T23:44:28Z

Add quote - source - linked page.

← Older revision		Revision as of 23:44, 29 October 2023
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	Interchange charges are levied by the merchant acquiring company (normally a bank or other financial institution that "buys” the transactions from the retailer at a discount).		Interchange charges are levied by the merchant acquiring company (normally a bank or other financial institution that "buys” the transactions from the retailer at a discount).


	They include transaction fees for debit cards and turnover fees for credit cards charged by the card acquirer that processes card payments on behalf of the retailer.		They include transaction fees for debit cards and turnover fees for credit cards charged by the card acquirer that processes card payments on behalf of the retailer.

	Interchange charges are often negotiable and depend on the volume of transactions, the average transaction size, the method of processing and the credit quality of the transactions.		Interchange charges are often negotiable and depend on the volume of transactions, the average transaction size, the method of processing and the credit quality of the transactions.


			:<span style="color:#4B0082">'''''UK to EEA online IFs rise - leading to competitive disadvantages'''''</span>

			:"The Payments Systems Regulator (PSR) published a Working Paper – Market review of UK-EEA cross-border interchange fees. Amongst its observations was that:

			:Mastercard and Visa have increased IFs for card-not-present (CNP) UK-EEA transactions using consumer debit and credit cards from 0.2% and 0.3% to 1.15% and 1.15% respectively and fees paid by acquirers increased by approximately £75 million to £100 million in the first half of 2022.

			:UK merchants who are selling online to EEA customers and are not able to relocate may find themselves at a competitive disadvantage compared with EEA competitors selling online to the same EEA customers."

			:''Update on the Payments landscape – October 2023 - ACT Blog - Naresh Aggarwal.''


	== See also ==		== See also ==
	* [[Acquirer]]		* [[Acquirer]]
			* [[Card not present]] (CNP)
	* [[Credit]]		* [[Credit]]
	* [[Credit card]]		* [[Credit card]]
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	* [[Debit card]]		* [[Debit card]]
	* [[Emerging Payments Association]]		* [[Emerging Payments Association]]
			* [[European Economic Area]] (EEA)
	* [[Interchange Fee Regulation]] (IFR)		* [[Interchange Fee Regulation]] (IFR)
			* [[Mastercard]]
	* [[Pay]]		* [[Pay]]
	* [[Payment]]		* [[Payment]]
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	* [[Remittance]]		* [[Remittance]]
	* [[Scheme fee]]		* [[Scheme fee]]
			* [[Visa]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Add abbreviation.

2023-10-29T23:07:45Z

Add abbreviation.

← Older revision		Revision as of 23:07, 29 October 2023
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	''Payments - cards - charges.''		''Payments - cards - charges.''

			(IF).

	Interchange fees or charges relate to credit cards, debit cards, and other cards.		Interchange fees or charges relate to credit cards, debit cards, and other cards.
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	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:~~The_business_context~~]]		[[Category:Financial_products_and_markets]]
	[[Category:Identify_and_assess_risks]]		[[Category:Identify_and_assess_risks]]
	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:~~Cash_management]]~~		[[Category:The_business_context]]
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Liquidity_management~~]]

imported>Doug Williamson: Add links.

2023-04-21T23:39:42Z

Add links.

← Older revision		Revision as of 23:39, 21 April 2023
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	* [[Credit]]		* [[Credit]]
	* [[Credit card]]		* [[Credit card]]
			* [[Cross-border interchange fee]]
	* [[Debit card]]		* [[Debit card]]
	* [[Emerging Payments Association]]		* [[Emerging Payments Association]]
			* [[Interchange Fee Regulation]] (IFR)
	* [[Pay]]		* [[Pay]]
	* [[Payment]]		* [[Payment]]
	* [[Payments and payment systems]]		* [[Payments and payment systems]]
			* [[Processing fee]]
	* [[PSOR]]		* [[PSOR]]
	* [[Receipt]]		* [[Receipt]]
	* [[Remittance]]		* [[Remittance]]
			* [[Scheme fee]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Amend wording.

2021-07-01T09:21:49Z

Amend wording.

← Older revision		Revision as of 09:21, 1 July 2021
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	They include transaction fees for debit cards and turnover fees for credit cards charged by the card acquirer that processes card payments on behalf of the retailer.		They include transaction fees for debit cards and turnover fees for credit cards charged by the card acquirer that processes card payments on behalf of the retailer.

	Interchange charges are often negotiable and depend on the ~~volumes~~ of transactions, the average transaction size, the method of processing and the credit quality of the transactions.		Interchange charges are often negotiable and depend on the volume of transactions, the average transaction size, the method of processing and the credit quality of the transactions.

imported>Doug Williamson: Remove surplus link.

2021-06-23T03:29:33Z

Remove surplus link.

← Older revision		Revision as of 03:29, 23 June 2021
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	* [[Debit card]]		* [[Debit card]]
	* [[Emerging Payments Association]]		* [[Emerging Payments Association]]
	* [[Interchange Fee Regulation]]
	* [[Pay]]		* [[Pay]]
	* [[Payment]]		* [[Payment]]

imported>Doug Williamson: Create page. Source: Interchange page.

2021-06-23T01:36:43Z

Create page. Source: Interchange page.

New page

''Payments - cards - charges.''

Interchange fees or charges relate to credit cards, debit cards, and other cards.

Interchange charges are levied by the merchant acquiring company (normally a bank or other financial institution that "buys” the transactions from the retailer at a discount).

They include transaction fees for debit cards and turnover fees for credit cards charged by the card acquirer that processes card payments on behalf of the retailer.

Interchange charges are often negotiable and depend on the volumes of transactions, the average transaction size, the method of processing and the credit quality of the transactions.

== See also ==
* [[Acquirer]]
* [[Credit]]
* [[Credit card]]
* [[Debit card]]
* [[Emerging Payments Association]]
* [[Interchange Fee Regulation]]
* [[Pay]]
* [[Payment]]
* [[Payments and payment systems]]
* [[PSOR]]
* [[Receipt]]
* [[Remittance]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]