My Merchant Account Blog
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Merchant Discount
Saturday, May 28, 2011
Consists of interchange fees charged to merchants by issuing banks for the ability to accept bankcard transactions combined with fees charged to merchants by acquirers to cover such services as processing, terminal installation, help desks and statement rendering. The merchant discount is set by the acquirer at a percentage of the purchase amount, typically between 1.5 percent and 3.5 percent. Sometimes the acquirer's portion of the merchant discount is referred to as the net merchant discount. Also referred to as a transaction fee.
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My Merchant Account Blog Recent Entries
- Visa Chargeback Reason Code 75 - Transaction Not Recognized
- Visa Chargeback Reason Code 74 - Late Presentment
- Visa Chargeback Reason Code 73 - Expired Card
- Visa Chargeback Reason Code 72 - No Authorization
- Visa Chargeback Reason Code 71 - Declined Authorization
- Visa Chargeback Reason Code 62 - Counterfeit Transaction
- Visa Chargeback Reason Code 60 - Illegible Fulfillment
- Visa Chargeback Reason Code 57 - Fraudulent Multiple Transactions
- Visa Chargeback Reason Code 41 - Cancelled Recurring Transaction
- PCI Compliance - A Review of Consumer Benefits
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