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Credit card merchants provide an array of services surrounding banking and income management transactions, both commercially (for both large and small businesses) and privately (for individuals). Once an individual or company is accepted as a credit cardholder, an account is opened. Each retail transaction (sales, payments, etc.) is added to the balance of the credit card, with the total accruing interest on a monthly basis. Interest fees depend largely on the credit history of the cardholder - high-risk users pay higher fees and interest charges, while those with a more secure history have lower charges and are often offered rewards (such as frequent flyer points). Online banks, or "e-commerce" providers, often have lower rates as well. Such services offer online bill payment, secure banking at automated teller machine terminals, and Internet access for checking and savings accounts. Most credit card merchant services also provide fraud protection if theft is reported promptly.
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