A fee assessed for the processing of a Transaction from a Customer.
Merchants and E-Merchants will typically have varying fees and service level agreements. Merchant Discount Rates will be traditionally stated as a percentage of each Transaction processed. They are calculated based on various aspects: such as Merchant Category Code, type of Transaction, type of payment instrument employed etc. Payment Processors have well-established infrastructures and fee schedule arrangements in place to support all types of Merchant payments.