A fee charged by the network to both issuing and acquiring banks in addition to the interchange fee. Assessments are how the networks generate revenue, taking a fee from each bank for every transaction.
Boro It Up!
Subscribe to our newsletter for product updates,
finance tips and other life hacks!
Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016,
issued by Department of Insurance and Financial Services.
Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521