In the context of fees deducted by acquiring banks, _____ are charged at rates which depend on the merchant's industry.
A) acquirer fees
B) interchange fees
C) chargeback fees
D) interest fees

Name: In the context of fees deducted by acquiring banks, _____ are charged at rates which depend on the merchant's industry. A) acquirer fees B) interchange fees C) chargeback fees D) interest fees
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Interchange fees are charged by acquiring banks and vary depending on the merchant's industry.

In the Context of Fees Deducted by Acquiring Banks, _____