A user with 5 edits. Account created on 24 November 2017.
3 December 2018
06:1706:17, 3 December 2018diffhist+454
Interchange fee
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.Tag: Visual edit
A user with 5 edits. Account created on 24 November 2017.
3 December 2018
06:1706:17, 3 December 2018diffhist+454
Interchange fee
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.Tag: Visual edit