Funds Are Settled When Mastercard, the Card Network, moves the money from Emmet’s bank to Bucks of Star Coffee’s Merchant Acquirer’s bank, it does so like this: • Debits Emmet’s account for $5.75. • Leaves $0.06 for Moneybin Bank because they are the Issuer of Emmet’s debit card. This $0.06 is considered revenue for Moneybin Bank because they issued the card to Emmet. • Keeps $0.06 Network Assessment fee for itself. • Sends $5.63 (5.75 – 0.06 Network Assessment – 0.06 Interchange) to Bucks of Star Coffee’s Merchant Acquirer’s bank.
