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Interchange fee
payments
Plain-language definition
Plain-language definition
A fee generally paid between banks for processing a card transaction.
Why it matters
It is only one part of the total fee a merchant or platform may pay.
Technical detail
Interchange is a network-defined component commonly transferred from the acquiring side to the card-issuing side and varies by card, channel, region, and transaction.
Examples
- An online card transaction can have different interchange than an in-person debit transaction.
Related terms
Sources and review
Reviewed July 12, 2026 by e2e-1783854138445-0citu53rtqqe@test.repairyour.tech. Next review due January 11, 2027.
- Payment methods — Stripe Accessed 7/11/2026
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