How are interchange fees calculated?

Introduction Interchange fees are a crucial component of the electronic payment ecosystem, serving as compensation to card-issuing banks for the costs and risks associated with processing card transactions. These fees are typically paid by the merchant’s bank...

Understanding Debit Unbundled Fees

Introduction In an era where consumers are becoming increasingly aware of their financial choices, the term “debit unbundled fees” has emerged as a significant topic of discussion. These fees refer to the costs associated with using debit cards that are...

Disadvantages of Tiered Pricing

Introduction Merchants are drawn to tiered pricing due to its structured format, making it seem straightforward at first glance. However, the complexity of how different transactions are categorized gives rise to potential pitfalls that can take time and effort to...