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2. Who pays for credit card rewards? - AOL

   www.aol.com/finance/pays-credit-card-rewards...

   The merchant middlemen also indirectly pay for credit card rewards by paying interchange fees, typically 1.5 to 3.5 percent of each purchase that a consumer charges to their card.

3. How credit card companies make money - AOL

   www.aol.com/finance/credit-card-companies-money...

   With average credit card interest rates now over 20 percent, ... That’s because every time you use your card, the merchant pays a fee to cover the cost of processing the transaction.

4. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...

5. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

6. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/finance/lower-mastercard-visa-swipe...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

7. Surcharge (payment systems) - Wikipedia

   en.wikipedia.org/wiki/Surcharge_(payment_systems)

   A prominent example of this phenomenon occurred in Australia when surcharging was permitted. In December 2010, the average rates of surcharges for MasterCard, Visa and Diners Club credit cards were 1.8, 1.9 and 4%, respectively. The merchant fees for MasterCard and Visa cards were around 0.6% and the fees for Diners Club cards were around 2.2% ...