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Terms that begin with I

Interchange Reimbursement Fee

An interchange reimbursement fee may be a fee that an acquirer pays to an issuer in the clearing and settlement process of an interchange transaction, based on either the standard (manually processed) rate or electronic rate. Or, a fee that an issuer pays to an acquirer for making a cash disbursement to a cardholder or check purchaser.


Previous Credit Card Term: Interchange Rate

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