Interchange fees may be affected by the following factors except

Question

Quizplus · Accepted Answer

Interchange fees, which are fees paid between banks for the acceptance of card-based transactions, are typically influenced by factors such as the physical presence of the card during the transaction, the amount of customer information provided, the type of business as categorized by the merchant category code, and the type of card used (e.g., credit, debit, rewards). However, whether a business owns or rents the card reader does not directly affect interchange fees. These fees are more closely related to transaction security, the likelihood of fraud, and the cost of processing transactions, rather than the ownership status of the hardware used to process the payments.

Interchange Fees May Be Affected by the Following Factors Except