Assertion: interchange | /r/HasProperty | wholesale cost
Facets:
value: in simpler terms
type: OTHER
Source sentences:
text: Interchange is the wholesale cost to process a credit card transaction and is typically comprised of a percentage of the transaction plus a fixed dollar amount (e.g., 0.5% + $0.10).
text: Also known as the wholesale cost of processing, interchange comes from card-issuing banks and the card brands (Visa, MasterCard, Disc, & Amex) and is a cost that all merchants will have to pay, regardless of their processor.
text: In simpler terms, interchange is the wholesale cost that the processor has to pay on every credit card transaction.