Source for credit cards
Products 
Free
StuffSite
Map 
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Source for credit cards
Products Free
StuffSite
Map
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Acquiring Bank In the credit card transaction process, the transaction or purchase first goes to the acquiring or receiving bank. This institution finalizes the transaction with the institution that issued the credit card. Acquiring banks perform a crucial intermediary role that allows merchants to accept and to process credit card transactions from their customers. This service, however, does not come without a price. The institution that issued the credit card assesses an interchange fee to the acquiring bank. This fee is in turn passed on to the merchant. In some instances small businesses will post signs indicating that they will not accept credit card purchases from their customers under a given dollar amount, perhaps $5. The reason for this minimum limit is that the interchange fee passed on to the merchant by the acquiring bank makes transactions beneath a certain level an expense to the merchant rather than a profit. If the merchant accepts purchases below that price point, they actually lose money on the transaction. More Credit-Card Terms Explained |
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