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Explain why visa charges the fee

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Reference no: EM131749135

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.

Reference no: EM131749135

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