Credit-card transactions cost the merchant/hotel which fee?
A) Interchange fee
B) Chargeback fee
C) Authorization fee
D) Discount fee
E) All of the above

Question

Quizplus · Accepted Answer

Credit-card transactions can incur various fees for the merchant or hotel, including interchange fees (paid to the card-issuing bank), chargeback fees (when a customer disputes a charge), authorization fees (for transaction approval), and discount fees (a percentage of the transaction paid to the acquiring bank or payment processor).

Credit-Card Transactions Cost the Merchant/hotel Which Fee