Oct 22, 2013

Cross-border fee

1) A fee charged by the Card Association to Acquirers on all transactions acquired outside of the country of issue of the bank card. This may be either included in commissions charged by acquirers to merchants, or may be passed through separately.

2) An additional fee charged by a card issuing bank to the cardholder for use of the card in another country. Particularly common with US-issued credit cards.