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Interchange fee: Revision history


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  • curprev 06:1706:17, 3 December 2018 LittleHans talk contribs 25,401 bytes +454 Added: Thus, the Interchange Fee is understood to be mainly the compensation for the Issuing Bank for the statement accumulation period and the post-statement 'Grace Period'. In substance, it is best viewed as the discounting of merchants' receivables until the 'Payment Due Date' when the customer settles the bill either from own sources, or the credit line inherent in the card automatically pays it, and the bank starts charging credit card interest on it. undo Tag: Visual edit

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