Swipe Discount Rate

Swipe discount rate refers to the fee charged by a merchant account provider for processing transactions where the credit card is physically present and available for inspection by the merchant. These transactions are typically completed by swiping the card through a card reader, allowing the merchant to directly interact with the card and the cardholder.

Key points about swipe discount rates include:

In summary, the swipe discount rate is the fee charged by a merchant account provider for processing transactions where the credit card is physically present and available for inspection. This rate is generally lower than MOTO discount rates due to the reduced risk of fraud and the ability of the merchant to perform additional checks for authenticity.