Banking
Merchant Acquiring Fee Income
Earning merchant discount fees from businesses accepting card payments via the bank's POS terminals.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Merchant Service Charge Receivable | Asset (+) | 8,500.00 | - |
| Merchant Acquiring Fee Income | Revenue (+) | - | 8,500.00 |
💡 Accountant's Note
Acquiring banks charge merchants a merchant discount rate (MDR) of typically 1.5-3% of transaction value. After paying interchange to the issuer, the spread is the acquiring bank's margin.
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