Interchange Fee
A fee paid between banks for each card transaction.
20 July 2025
1 min read
An interchange fee is paid by the merchant's bank to the cardholder's bank for each transaction, regulated in India by the RBI to control costs.
A fee paid between banks for each card transaction.
An interchange fee is paid by the merchant's bank to the cardholder's bank for each transaction, regulated in India by the RBI to control costs.