Interchange Fees Essential for a Thriving Banking Ecosystem
Interchange fees are a nominal charge that offsets the costs of operating a payment system that is extremely beneficial to consumers and retailers alike. When retailers accept electronic payments – credit cards, debit cards or mobile payments – they enjoy numerous advantages, including increased sales, access to a broader customer base, reduced risks associated with handling cash, fewer bounced checks and guaranteed payments.
Interchange Fees Essential for a Thriving Banking Ecosystem
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