TERMIUM Plus®

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MERCHANT DISCOUNT RATE [1 record]

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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