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Re:Visa, Mastercard mull increasing fees for processing tran... by theshortofit on Saturday February 16, 2019 @07:56AM (#19178377)
All processors ( FDC, Worldpay, Global Payments etc) are required to report credit card sales for each of their customers through 1099 reporting , This reporting is done on what is called a MID ( Merchant Identification)number. Every merchant accepting credit cards has one ( sometimes multiple)

Some processors charge merchants for this reporting services to the IRS which further drives up Merchant Services cost.

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