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Discount Fee

A discount fee is a fee paid by the merchant to the merchant bank or other contracted party for processing the merchant's credit card sales (transactions). The discount is typically charged as a percentage of the credit card transaction amount. A discount fee is also known as the fee charged by a factor when purchasing receivables from a creditor.

Previous Credit Card Term: Deposit

Next Credit Card Term: Double-billing cycle

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.