Why do banks charge transaction fees?
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5
Answer:
To get profits
Step-by-step explanation:
Banks can get profits by charging transaction fees
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Per transaction fees are the reason why some merchants impose a minimum that customers must spend if they want to pay with a credit or debit card. It doesn't make sense for a merchant to let a customer charge 50 cents to a payment card when they will pay 30 cents to process the transaction.
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