New Delhi, Feb. 4 -- Credit card swipe charges, also termed as interchange fees. These are charges imposed on a user every time they use their credit cards for transactional purposes.

These charges cover operational expenses such as fraud prevention, processing along with taking care of payment infrastructure. They are controlled and determined by card networks such as Visa and Mastercard. Further, credit card swipe charges are not related to the credit score of an individual under normal circumstances.

Generally, swiping charges are around 2% of the transaction value for all physical purchases. Further, they are in the range of 2.3-2.5% for online transactions.

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