interchange fee means a fee paid between the payment service providers of the payer and of the payee for each direct debit transaction;
interchange fee means a fee paid for each transaction directly or indirectly (i.e. through a third party) between the issuer and the acquirer involved in a card-based payment transaction. The net compensation or other agreed remuneration is considered to be part of the interchange fee;
interchange fee means interchange fee as defined in point (10) of Article 2 of Regulation (EU) 2015/751;
More Definitions of interchange fee
interchange fee means the fee set by and collected by the Card Association from Your financial institution (Acquiring Bank) and paid to the issuing financial institution (Issuing Bank) to cover expenses incurred in billing the cardholder.
interchange fee means a fee established, charged, or received by a payment card network for the purpose of compensating the issuer for its involvement in an electronic payment transaction.
interchange fee means a fee paid between the payer’s PSP and the payee’s PSP for direct debit transactions;
interchange fee means a fee paid for each transaction directly or indirectly (i.e. through a third party) between the payment service providers of the payer and of the payee involved in a payment card or a payment card-based transaction;
interchange fee means the fee which is paid daily by Bank to the Card Associations for entering Sales Records and Credit Records into their respective settlement networks.
interchange fee means the fee that is paid daily by an Acquiring Member to an Association for entering Sales Records and Credit Records and settling Transactions into such Association’s settlement networks.
interchange fee means a fee paid between the PSPs of the payer and of the payee for direct debit transactions;