TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

merchant discount rate [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2015-02-23

English

Subject field(s)
  • Financial Institutions
DEF

The rate charged to a merchant by a bank for providing debit and credit card services.

CONT

This fee, known as the merchant discount rate, is applied to the dollar volume of credit card purchases and is deducted from the merchant's transaction account.

French

Domaine(s)
  • Institutions financières
DEF

Taux qu’une institution financière impose au commerçant pour le traitement et le règlement de transactions réalisées par carte de crédit.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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