Bank credit-card companies pay the hotel/merchant in full at face value, but T&E card companies reduce the hotel's payments by merchant fees.

Name: Bank credit-card companies pay the hotel/merchant in full at face value, but T&E card companies reduce the hotel's payments by merchant fees.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both bank credit-card companies and T&E (Travel and Entertainment) card companies typically reduce the hotel's or merchant's payments by charging merchant fees, not paying in full at face value.

Bank Credit-Card Companies Pay the Hotel/merchant in Full at Face