Discount Rate

A discount rate is a fee associated with collecting, assessing, approving, processing, and settling credit card transactions. This fees is often a percentage of the transaction value.It is the rate is the fee paid by merchants to credit card processor as a fee associated with accepting general-use credit cards (such as Visa, MasterCard, American Express and Discover).The fees charged by the card acquirer to the merchant for processing payment card transactions.

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