Payment Flow
Basis Points (BPS)
A unit of measure equal to one-hundredth of a percentage point (0.01%). Processors quote rates in basis points; for example, 25 bps equals 0.25% of the transaction amount.
Payment Flow
A unit of measure equal to one-hundredth of a percentage point (0.01%). Processors quote rates in basis points; for example, 25 bps equals 0.25% of the transaction amount.
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