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Non-U.S. merchants apply foreign transaction fees to credit and debit cards, and bank card issuers usually charge between 1% and 5% of the amount of the purchase.
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Chipotle Mexican Grill, Inc. ( / tʃɪˈpoʊtleɪ /, chih-POHT-lay ), [3] often known simply as Chipotle, is an international chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. [4] [5] [6] As of March 2023, Chipotle has 3,200 restaurants. [7]
Dynamic currency conversion (DCC) or cardholder preferred currency (CPC) is a process whereby the amount of a credit card transaction is converted at the point of sale, ATM or internet to the currency of the card's country of issue. DCC is generally provided by third party operators in association with the merchant, and not by a card issuer.
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 ...
Chipotle’s 50-for-1 split is a bold move. While stock splits are relatively common, a 50-to-1 ratio is rare. In fact, it’s one of the biggest stock splits in New York Stock Exchange (NYSE ...
A card-not-present transaction ( CNP, mail order / telephone order, MO/TO) is a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant's visual examination at the time that an order is given and payment effected. It is most commonly used for payments made over the Internet, but can also ...
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