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Credit Card Network

The credit card network controls where credit cards can be accepted and to facilitate transactions between merchants and credit card issuers.

There are four major credit card network in India:

  • Visa
  • Mastercard
  • American Express
  • Diners Club (owned by Discover)

A credit card network sets the interchange or “swipe” fees that merchants are charged to accept a credit card transaction, but credit card networks do not control fees a cardholder pays such as the interest rates, annual fees, late fees, foreign transaction fees and over-limit fees.