Stay tuned with CashEssentials news ! - beyond payments
By subscribing, you accept our Privacy Policy.

Interchange fee

February 3, 2021

A fee paid between banks for the acceptance of card-based transactions. For instance, a merchant’s bank (acquiring bank) will pay an interchange fee to the cardholder’s bank (issuing bank) when the latter makes a transaction. This is also the case when a cardholder uses an ATM: the cardholder’s bank pays a fee to the ATM operator.