The acquiring bank's fee; it is equal to
interchange (which is paid to the issuing
bank) plus the acquiring bank's markup.
Think of it as the wholesale price of a
transaction to which processing and other
fees are added to come up with the cost to a
merchant. Buy rates have not been widely
used since the multitude of interchange rates
came into being; many ISOs
and acquirers
now use pricing models that involve splits of
net revenue.
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