Brussels GA&P (June 2016)

When a transaction via debit/credit card takes place, the retailer’s bank (or «acquiring bank») pays a fee to the bank that granted the card (or «issuing bank»). Then, an interchange fee is deducted from the final amount received by the retailer. Until now, banks usually charged a single blended fee for card transactions, although these charges could differ between brands. The new rules will provide greater transparency…