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Merchant Fees Demystified: Structure, Function, and Variants

Consider a situation: A client went to a showroom to purchase some home appliances. After making the purchase, the invoice is issued to the client. After having a glance at the invoice, the client takes the credit card, swipes it, and completes the payment. This is the visible process that takes place. But a hidden incident happens here. An extra charge will be debited from the business account. This extra charge is the merchant's fee. As a small...

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