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2. Merchant category codes: How to earn more cash back - AOL

   www.aol.com/finance/merchant-category-codes-earn...

   Online shopping. 5815 to 5818: Digital goods (including digital media, games, applications and “large digital goods merchants”) These can vary depending on the merchant, but digital goods ...

3. Merchant account - Wikipedia

   en.wikipedia.org/wiki/Merchant_account

   A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales ...

4. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/lower-mastercard-visa-swipe-fees...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

5. Merchant category code - Wikipedia

   en.wikipedia.org/wiki/Merchant_category_code

   A Merchant Category Code (MCC) is a four-digit number listed in ISO 18245 for retail financial services. An MCC is used to classify a business by the types of goods or services it provides. An MCC is used to classify a business by the types of goods or services it provides.

6. Acquiring bank - Wikipedia

   en.wikipedia.org/wiki/Acquiring_bank

   Acquiring bank. An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay ...

7. Visa, Mastercard Will Lower Credit Card Fees — How It ... - AOL

   www.aol.com/visa-mastercard-lower-credit-card...

   On March 26, 2024, Visa and Mastercard, the two largest credit card issuers in the U.S., agreed to lower credit card interchange fees for merchants. MarketWatch reported that Visa and Mastercard ...