These are organizations such as VISA and MasterCard that, along with the government, make the rules in regard to acceptance of credit cards. These rules include fees that are charged for interchange. American Express is different – as it is both the issuer and acceptor, and merchants must have a separate agreement with them.
« Back to Glossary IndexCategories
Recent Posts
- MicroBiz Named 2021 Best Salon POS Software December 9, 2020
- COVID Pandemic’s Impact on Contactless Payments August 5, 2020
- MicroBiz POS President to Participate RSPA Academy Online Symposium on Aug. 26-27 August 4, 2020
- MicroBiz Partners with POS Portal to Sell and Support POS Hardware May 15, 2019
- MicroBiz President to Present at Software Executive Executive Forum July 7, 2018