Each time a payment is made through a credit card,the retailer has to pay a certain amount called _____ to the card company.

Question

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The amount paid by the retailer to the card company for each transaction through a credit card is called swipe fees. It is a percentage of the transaction amount and varies depending on the card company and the type of card used. The other options, one time fees and additional tax, are not specific to credit card payments. Value added tax (VAT) is a tax applied to the value added at each stage of the production and distribution of goods and services. It is not relevant to credit card payments.

Each Time a Payment Is Made Through a Credit Card,the