fintech
Interchange Fee
Definition & Industry Concept
A transaction fee set by card payment networks paid by acquiring merchant banks to issuing card banks to compensate for credit risks, fraud mitigation, and settlement overhead.
💡 Practical Market Application
On a $100 card swipe, an interchange fee of 1.8% ($1.80) is captured by the cardholder's issuing bank.
🌐 Cross-Border RailsInternational Business Payments & Multi-Currency Treasury
● Mid-Market Exchange RatesHold 40+ currencies, send global payments at true mid-market exchange rates, and obtain local account details for international client settlements.
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