A fee charged by the bankcard processing institution to process credit card transactions. The fee is based on a small percentage of the merchant's total sales volume.
Fee paid by the merchant to the merchant bank or other contracted party for processing the merchant's credit card sales (transactions).
A fee assessed by a factor that purchases accounts receivable. The discount fee is determined by the size of the invoice, the length of time it takes to collect the funds and the creditworthiness of the customer, not the company selling the receivable.
The percent of each credit card or Electronic Check transaction and batch settlement processed that is billed to the merchant by the payment gateway. The transaction types for which the discount fee is charged are: charges, refunds, voids and declines.
Fee which a bank other contracted party takes from a merchant for processing the merchant's credit card sales (transactions).
Sometimes referred to as "points," a fee charged by the lender in order to obtain a higher earning than the interest stated in the mortgage note.
The amount earned by a factor on each invoice purchased. It is based on the period of time the invoice remains outstanding (unpaid) and is set forth and agreed upon by both parties in the Discount Schedule.