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E commerce
Essay specific features
Written by:
Kenneth R
Date added:
December 28, 2016
Level:
University
Grade:
A
No of pages / words:
2 / 467
Was viewed:
9770 times
Rating of current essay:
Essay content:
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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