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OCR (Optical Character Recognition)
A technology that enables you to convert different types of documents into editable and searchable data.
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Discount Rate
Merchants are charged a fee for the processing services that enable them to accept cards as payment. This fee, called the “merchant discount” or “discount rate,” is negotiated with each merchant during the sales process. The discount rate is usually a percentage of the merchant’s sales volume.
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Surcharge
A surcharge is an extra fee that’s added to the regular total amount.
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