Shadowing Practice: Visa Transaction Processing: Visa Processing Fees and Interchange Rate Basics - Learn English Speaking with Video
Creando lección...
1
Visa's payment processing ecosystem can power your business growth and economic progress, whether you operate around the corner or around the world.
2
VisaNet moves transactions quickly, seamlessly, and securely between cardholders, merchants, acquirers, and issuers.
3
As with any financial transaction, there are fees.
4
Let's talk through some common questions about these transactions and their related fees.
5
I hear a lot about the interchange fee.
6
What can you tell me about it?
7
The Interchange Reimbursement Fee, or IRF, is designed to balance the costs and benefits of business between the acquirer and the issuer.
8
The acquirer pays an IRF to the issuer for each cardholder purchase.
9
This fee operates as an incentive for the issuer
10
and helps offset issuer handling costs as well as risks associated with cardholder fraud and bad debt.
11
In return, the acquirer receives guaranteed funds from the issuer, which enables the merchant to close a sale even if the cardholder has not yet actually paid.
12
That guarantee is a significant value to the merchant.
13
Interesting.
14
So how is the IRF calculated for point of sale and online purchases?
15
Visa publishes a default interchange fee structure that is typically based on a percentage of the transaction amount,
16
but may also include a flat, per-item fee as well.
17
Why does the IRF rate vary from transaction to transaction?
18
IRF varies because of the unique business and processing requirements of transactions.
19
As such, IRF varies by the type of merchant, the cost of sale, the payment product used, the processing technology the merchant uses,
20
and the region or country.
21
Additionally, risk can be a driver of the IRF rate.
22
A greater risk can often mean a greater IRF rate.
23
For example, interchange fees are often higher for credit cards than debit cards, as there is a greater risk of funds not being available for credit purchases.
24
And certain business categories, like casinos, are considered riskier than other categories, like general goods.
25
Chip technology has helped to reduce some risks.
26
A merchant using a chip terminal may have lower interchange fees available
27
because reading a chip can be more secure than swiping a magnetic stripe or key entering a card number.
28
Transactions without a physical card, such as online, mail, or telephone orders,
29
may have even higher rates because they can pose substantially greater risks than transactions in which a chip is scanned, a magnetic stripe is read,
30
or a pin is entered.
31
So is the IRF a Visa fee?
32
No, the IRF is not a Visa fee.
33
Visa's role is to facilitate the transfer of the IRF.
34
So does Visa charge any fees for its services?
35
Yes, Visa charges fees, such as a data processing fee, to both the issuer and acquirer for transactions.
36
Are there any other fees we haven't talked about?
37
The acquirer charges the merchant a fee called the Merchant Discount Rate.
38
This fee covers the acquirer's processing services on the merchant's debit and credit card transactions.
39
Let's walk through an example that will help explain the settlement of fees and discounts.
40
Juan is getting ready for vacation and uses his Visa chip card to purchase $100 worth of beach gear at a local merchant.
41
Assuming an IRF rate of 0.5%, the acquirer owes $0.50 to the bank that issued Juan his card.
42
The merchant discount rate is $0.80, which the merchant pays to the acquirer.
43
So, at settlement, the acquirer deposits the remaining $98.70 into the merchant's account for the sale of the gear.
44
The merchant benefits from its profit on the sale and from knowing it has guaranteed payment from its acquirer.
45
And Juan benefits from a happy vacation with his family.
46
Okay, we've talked about merchant transactions.
47
What about ATM transactions?
48
In ATM transactions, the interchange payment roles are reversed.
49
The acquiring bank operates the ATM and therefore provides a service to the issuer's cardholder, namely providing cash.
50
The issuer pays the interchange fee to the acquirer for providing this service.
51
As you have seen, VisaNet provides proven, dependable payment processing capabilities.
52
When all transaction participants play by the same rules, you can feel secure knowing that you're part of a global network.
✨ Recomendar Video
B29
46 oraciones
What does Visa do? The answer might surprise you
Business EnglishUniversity StudentsWorking Adults
C11
99 oraciones
OECD Transfer Pricing Guidelines 2022 - Chapter 1 - The Arm's Length Principle
Business EnglishUniversity StudentsWorking Adults
C134
11 oraciones
The Federal Funds Rate Explained in One Minute: Federal Reserve Interest Rate Superpower or Threat?
Business EnglishUniversity StudentsWorking Adults
![[Practice Problems] Regular Expressions (Regex) - Visually Explained](https://img.youtube.com/vi/AawczswiGI0/mqdefault.jpg)
C11
61 oraciones
[Practice Problems] Regular Expressions (Regex) - Visually Explained
Business EnglishUniversity StudentsWorking Adults
C1116 oraciones
Cash vs Accrual Accounting Explained Simply | With Examples & Journal Entries
Business EnglishUniversity StudentsWorking Adults
C11
407 oraciones
Why AI Tokens are so Expensive - Computerphile
Business EnglishUniversity StudentsWorking Adults
C115
61 oraciones
CONTEMPORARY TOPICS UNIT 10 ECONOMICS THE EVOLUTION OF MONEY
Business EnglishUniversity StudentsWorking Adults
C13
171 oraciones
Revenue management in the hotel industry- Basics
Business EnglishUniversity StudentsWorking Adults
C12
315 oraciones
Azure App Service and Virtual Network Integration Options
Business EnglishUniversity StudentsWorking Adults
C13
444 oraciones
Here's what's REALLY Happening...
Business EnglishUniversity StudentsWorking Adults
C11
44 oraciones
Understanding the Oil and Gas Value Chain: Upstream, Midstream, and Downstream
Business EnglishUniversity StudentsWorking Adults
C14
314 oraciones
The Economics behind Starbucks Like Business
Business EnglishUniversity StudentsWorking Adults
Vocabulario y notas de pronunciación para esta lección
Esta lección de conversación de nivel C1 se basa en el vídeo “Visa Transaction Processing: Visa Processing Fees and Interchange Rate Basics”. Las palabras que más se repiten: fee, transaction, merchant, Irf, acquirer. Este vídeo tiene 52 frases y 685 palabras para practicar shadowing. La parte hablada dura 4:58. El hablante mantiene un ritmo constante de unas 138 palabras por minuto, cómodo para el shadowing. Solo el 71 % de las palabras está entre las 3.000 más comunes del inglés, por lo que el vocabulario es exigente.
Vocabulario clave de este vídeo
Las 15 palabras más avanzadas del vídeo, con su pronunciación y significado:
| Palabra | Pronunciación | Significado |
|---|---|---|
| merchant sustantivo | /ˈmɝt͡ʃənt/ | comerciante, mercader |
| issuer sustantivo | emisor, expedidor | |
| interchange sustantivo | /ˈɪntɚt͡ʃeɪnd͡ʒ/ | intercambio, intercambios |
| stripe sustantivo | /stɹaɪp/ | franja, raya |
| debit sustantivo | /ˈdɛb.ɪt/ | débito |
| dependable adjetivo | [dɪˈpɛndəbəɫ] | fiable, firme |
| seamlessly adverbio | de una, fluidamente | |
| securely adverbio | /səˈkjʊɹ.li/ | seguramente, firmemente |
| swipe verbo | /swaɪp/ | deslizar, pasar |
| participant sustantivo | /pɑːɹˈtɪsəpənt/ | participante, partícipe |
| ecosystem sustantivo | /ˈikoʊˌsɪstəm/ | ecosistema |
| calculate verbo | /ˈkælkjʊleɪt/ | calcular |
| risky adjetivo | /ˈɹɪski/ | riesgoso, arriesgado |
| substantially adverbio | sustancialmente | |
| incentive sustantivo | /ɪnˈsɛntɪv/ | incentivo, aliciente |
Phrasal verbs que vas a escuchar
| Palabra | Significado |
|---|---|
| talk through verbo | explicar detalladamente, decir paso a paso |
| walk through verbo | explicar paso a paso, enseñar |
Gramática en este vídeo
Las estructuras que más usa el hablante, con las palabras exactas del vídeo:
| Estructura | En el vídeo |
|---|---|
| Present perfect have/has + participio pasado — una acción pasada que sigue importando ahora | has helped · haven't talked · has guaranteed |
| Voz pasiva be + participio pasado — importa lo que ocurre, no quién lo hace | is designed · are considered · is scanned |
Pronunciación a tener en cuenta
El hablante usa 3 contracciones y formas reducidas, como haven't, we've, you're. Dilas en su forma corta, tal como las oyes.
- Palabras largas — cuida el acento: dependable [dɪˈpɛndəbəɫ], participant /pɑːɹˈtɪsəpənt/, ecosystem /ˈikoʊˌsɪstəm/, facilitate /fəˈsɪlɪteɪt/, capability /ˌkeɪ.pəˈbɪl.ɪ.ti/
Sonidos difíciles para hispanohablantes:
- s + consonante al inicio — sin añadir una “e” delante: stripe /stɹaɪp/, swipe /swaɪp/, scan /skæn/
Cómo practicar con este vídeo
- Escucha el vídeo entero una vez sin hablar y anota las palabras que no conoces.
- Haz shadowing frase por frase a velocidad normal, repitiendo cada una hasta que tu ritmo coincida con el del hablante.
- Grábate y compara con el original, prestando atención a palabras como merchant, issuer, interchange.
¿Qué es la Técnica de Shadowing?
Shadowing es una técnica de aprendizaje de idiomas respaldada por la ciencia, desarrollada originalmente para la formación de intérpretes profesionales y popularizada por el políglota Dr. Alexander Arguelles. El método es simple pero poderoso: escuchas audio en inglés nativo y lo repites en voz alta de inmediato, como una sombra que sigue al hablante con solo 1-2 segundos de retraso. A diferencia de la escucha pasiva o los ejercicios de gramática, el shadowing obliga a tu cerebro y músculos de la boca a procesar y reproducir simultáneamente patrones de habla reales. Las investigaciones muestran que mejora significativamente la precisión de la pronunciación, la entonación, el ritmo, el habla conectada, la comprensión auditiva y la fluidez al hablar, convirtiéndola en una de las metodologías más efectivas para la preparación del IELTS Speaking y la comunicación en inglés en el mundo real.