Merchants that accept credit cards pay the issuer of the


Question: Merchants that accept credit cards pay the issuer of the card a percentage of the transaction. For example, for each $100 charged on Visa card, a merchant might only receive $98. Explain both why visa charges the fee and why the merchant pays it. You should be able to incorporate at least two of the core principles in your answer.

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Accounting Basics: Merchants that accept credit cards pay the issuer of the
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