Credit Card Glossary
Interchange Reimbursement Fee
An Interchange Reimbursement fee can mean one of the following --
• A fee that an acquirer pays to an issuer in the clearing and settlement of an interchange transaction, based on either the standard (paper-based) rate or electronic rate.
• A fee that an issuer pays to an acquirer for making a cash disbursement to a cardholder or check purchaser.