When you use a credit card at a store,the store is generally charged a fee ranging from 1.5% to 5%.What is this fee called?
A)Merchant discount fee
B)Merchant back-end charge
C)Merchant rate
D)Discount rate

Question

Quizplus · Accepted Answer

This fee is commonly known as the Merchant Discount Fee, which is a percentage of the total transaction amount that the merchant has to pay to the credit card company for processing the payment.

When You Use a Credit Card at a Store,the Store