In card transactions, the interchange fee is paid to the by the The latter party...
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Finance
In card transactions, the interchange fee is paid to the by the The latter party covers the cost of the fee on each transaction. issuing bank; merchant; through a payment from the acquiring bank acquiring bank; card holder; through a payment from the issuing bank issuing bank; acquiring bank; by charging the merchant a fee acquiring bank; issuing bank; by charging the cardholder a fee
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