Click here to watch the video Learn how to decipher ALL the hidden fees on your merchant statement! This video breaks the statement down and explains each line item! Dues and Assessments. This is a pass-through fee from mastercard, visa, of course will have their own news and assessments, american express and discover are the same. and then there’s some other fees that are also … Read More
What is Interchange?
Interchange rates and fees are established by the issuing bank associations. The rate and transaction fees vary depending on the risk of the transaction. Corporate cards are higher risk than rewards cards, but somebody has to pay for the reward. Rewards cards are higher risk therefore than a regular credit card. Regular types of credit cards have a higher risk than debit cards run as … Read More