E commerce

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Written by:

Kenneth R


Date added:

December 28, 2016








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This acceptance is also known as payment processing, credit card processing or merchant card processing. A bank that has an online merchant processing relationship with Visa and Mastercard, also known as a member bank, can issue online merchant accounts directly to merchants A Merchant Account has a variety of fees, some periodic, others charged on a per-item or percentage basis...
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Some fees are set by the merchant account provider, but the majority of the per-item and percentage fees are passed through the merchant account provider to the credit card issuing bank according to a schedule of rates called interchange fees, which are set by Visa and Mastercard. Interchange fees vary depending on card type and the circumstances of the transaction...
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