A card scheme is the rules and network framework through which payments of a particular card brand are processed. It connects parties including issuers and acquirers. Its role differs from the institution issuing the card or the merchant's payment provider.[1][2]
Check which networks and card types your acceptance agreement covers. Recognising a brand does not establish support for every associated payment type or market. In cost analysis, distinguish scheme charges, interchange and processor remuneration; a combined fee can fund several links in the chain.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.