Okuzeka
Finance & Banking vocabulary · Payments & Cards

Interchange fee

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, interchange fee means: A fee paid between payment-service providers in a card transaction, commonly from acquirer to issuer.

In Turkish: takas komisyonu

How it is used

Distinguish interchange from the total fee charged to a merchant; rates and rules vary.

Example sentences

  1. The pricing report separated the interchange fee from the processor's own charge.

    The merchant's total processing cost has several components.

  2. Different card categories produced different interchange fees in the sample.

    The fee can depend on transaction and card characteristics.

Common collocations

  • interchange fee schedule
  • interchange fee component
  • merchantA business that accepts card or digital payments from customers for goods or services, such as a shop, restaurant or online store.
  • credit cardA plastic or digital card that lets you buy now and pay the bank later. You can spend up to a limit and pay interest if you do not repay the full amount on time.

More terms: Payments & Cards

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This page explains English vocabulary for learners. It is not financial advice.