Merchant Service Charge (MSC)
Definition of what Merchant Service Charge (MSC) stands for (in finance):
A fee charged by acquirers to merchants for processing credit card transactions, calculated as a percentage of the transaction value.
More Term Definitions
- Issuer Identification Number (IIN) Definition
- Electronic Identity Verification (eIDV) Definition
- Now Generation Definition
- Startup Phase Definition
- Real-Time Gross Settlement System (RTGS) Definition
