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  2. Payment card interchange fee and merchant discount antitrust ...

    en.wikipedia.org/wiki/Payment_Card_Interchange...

    Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...

  3. Can a business charge for using a credit card? - AOL

    www.aol.com/finance/business-charge-using-credit...

    When a business charges a fee for a form of payment, whether in person, online or by phone, it’s called a surcharge. Credit card surcharges are applied when you use your credit card to make a ...

  4. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

    www.aol.com/finance/lower-mastercard-visa-swipe...

    Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

  5. Texas judge again transfers lawsuit over card late fee rule ...

    www.aol.com/news/texas-judge-again-transfers...

    May 29, 2024 at 10:21 AM. By Nate Raymond. (Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to ...

  6. Interchange fee - Wikipedia

    en.wikipedia.org/wiki/Interchange_fee

    Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...

  7. Merchant category code - Wikipedia

    en.wikipedia.org/wiki/Merchant_category_code

    MCCs are assigned either by merchant type (e.g., one for hotels, one for office supply stores, etc.) or by merchant name (e.g., 3000 for United Airlines) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment.

  8. Never Ignore These Business Credit Card Fees - AOL

    www.aol.com/finance/never-ignore-business-credit...

    The Motley Fool's Ascent's list of the best business credit cards features a few with no annual fee, and these still offer decent rewards rates (like 1.5% cash back across the board) and bonus ...

  9. Merchant cash advance - Wikipedia

    en.wikipedia.org/wiki/Merchant_cash_advance

    A merchant cash advance (MCA) was originally structured as a lump sum payment to a business in exchange for an agreed-upon percentage of future credit card and/or debit card sales. [1] The idea originated from Barbara Johnson, who needed funds for her small business franchise. As a result, Barbara, her husband Gary, and Les Falke co-founded ...

  10. Swifties Demand Taylor Swift ‘Speak Now’ On Gaza - AOL

    www.aol.com/swifties-demand-taylor-swift-speak...

    Credit - Kevin Winter—TAS Rights Management/Getty Images. Swifties flocked to the social media platform X on Wednesday to demand that Taylor Swift “Speak Now” on Gaza, calling out her ...

  11. American Express - Wikipedia

    en.wikipedia.org/wiki/American_Express

    American Express Company ( Amex) is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan. Amex is the fourth-largest card network globally based ...