What term describes the total of interchange and scheme fees?

What term describes the total of interchange and scheme fees?

• A. Only interchange fees.
• B. Only scheme fees.
• C. Processing fees charged by the processor.
• D. The total interchange and scheme fees.

Answer: (D)

The total you pay to cover card-network costs combines two parts: interchange fees paid to issuers and scheme (network) fees paid to card networks. When you add these two together, you get the total interchange and scheme fees—the combined cost from the networks for a card transaction. This is why this term is the best answer: it specifically represents the sum of both network-based charges. The other options describe only one component (just interchange or just scheme) or refer to processor fees, which are separate from the network charges.

The total you pay to cover card-network costs combines two parts: interchange fees paid to issuers and scheme (network) fees paid to card networks. When you add these two together, you get the total interchange and scheme fees—the combined cost from the networks for a card transaction. This is why this term is the best answer: it specifically represents the sum of both network-based charges. The other options describe only one component (just interchange or just scheme) or refer to processor fees, which are separate from the network charges.