interchange fee means a fee paid between the payment service providers of the payer and of the payee for each direct debit transaction;
interchange fee means a fee paid for each transaction directly or indirectly (i.e. through a third party) between the issuer and the acquirer involved in a card-based payment transaction. The net compensation or other agreed remuneration is considered to be part of the interchange fee;
interchange fee means the fee set by and collected by the Card Association from Your financial institution (Acquiring Bank) and paid to the issuing financial institution (Issuing Bank) to cover expenses incurred in billing the cardholder.
Examples of interchange fee in a sentence
If you opt to be charged under the Interchange Plus Fee Structure, you will be charged the fees called out in the User Agreement for receiving payments in your PayPal account plus the Interchange Fee.
Interchange Fee – a fee imposed by a Card Association that is passed through to the Authorized User.
PayPal shall always charge you the Interchange Fee as set by Visa and MasterCard and as passed on by its Acquirer.
Payment of the 99/70-Riego Interchange Fee shall not be subject to imposition of a similar and equivalent fee by the Cities or Xxxxxx County.
See also Commission Decision 2002/914/EC Visa International – Multilateral Interchange Fee, OJ 2002 L318.
More Definitions of interchange fee
interchange fee means interchange fee as defined in point (10) of Article 2 of Regulation (EU) 2015/751;
interchange fee means a fee established, charged, or received by a payment card network for the purpose of compensating the issuer for its involvement in an electronic payment transaction.
interchange fee means a fee paid between the payer’s PSP and the payee’s PSP for direct debit transactions;
interchange fee means the fee which is paid daily by Bank to the Card Associations for entering Sales Records and Credit Records into their respective settlement networks.
interchange fee means a fee paid for each transaction directly or indirectly (i.e. through a third party) between the payment service providers of the payer and of the payee involved in a payment card or a payment card-based transaction;
interchange fee means the fee that is paid daily by an Acquiring Member to an Association for entering Sales Records and Credit Records and settling Transactions into such Association’s settlement networks.
interchange fee means a fee paid between the PSPs of the payer and of the payee for direct debit transactions;