CVC RESTAURANT WASHINGTON DC

CVC is a service fee charged by banks and other financial institutions for processing credit and debit card transactions. The acronym stands for "card verification code," and the fee is typically around $0.30 per transaction. This fee is generally passed on to the merchant, but it can also be charged to the cardholder if the merchant does not accept credit cards. CVC is used to verify that the cardholder is authorized to use the card, and it helps to prevent fraud. While some consumers may be reluctant to pay this fee, it is generally a small price to pay for the convenience and security of using a credit or debit card.