Retail transaction fees can be assessed when you make a purchase via a point-of-sale terminal at a retail store.

Question

Quizplus · Accepted Answer

Retail transaction fees are commonly charged by credit card companies to merchants for accepting their credit cards at their stores. These fees can sometimes be passed on to the customer in the form of a surcharge or higher prices. Therefore, when you make a purchase at a retail store using a credit card, a retail transaction fee may be assessed.

Retail Transaction Fees Can Be Assessed When You Make a Purchase