____ fees are charged by an acquiring bank for providing payment card processing services.
A)Acquirer
B)Merchant
C)Issuing
D)Collector

Question

Quizplus · Accepted Answer

Acquiring banks (acquirers) charge fees for providing payment card processing services to merchants. These fees may include transaction fees, monthly fees, and other related charges. The acquirer is responsible for processing card payments, transferring funds between the merchant account and the card issuer, and resolving any disputes or chargebacks.

____ Fees Are Charged by an Acquiring Bank for Providing