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In the U.S., fees on debit cards are limited based on the Durbin Amendment. There is a different fee between PIN and signature debit, but not so much that sign
by tomnipotent 7y ago
In the U.S., fees on debit cards are limited based on the Durbin Amendment.
There is a different fee between PIN and signature debit, but not so much that signature debit matches credit cards.
https://www.valuepenguin.com/credit-card-processing/interchange-fees https://www.valuepenguin.com/credit-card-processing/intercha...
- koolba 7y agoI know the fees are lower. I’m asking if it’s possible to submit a transaction via an online API as a debit rather than credit.
- tomnipotent 7y ago> submit a transaction via an online API as a debit rather than credit Yes, via ACH/SEPA Direct Debit but I don't believe it's common outside of Europe. Processors, like First Data, will know at the point of transaction if it's a credit card, debit card, or even a prepaid card. Though it's been a few years, I remember the Adyen API returning all of this in the pre-auth response (had a business that didn't accept payments from prepaid cards, fraud was too high). It's also possible this is encoded in the BIN/IIN (1st 6 digits), but my memory is fuzzy on the specifics.
- leesalminen 7y agoIt seems to be attached to the BIN. Our processor has a bin endpoint where I feed it the first 6 and it returns a bunch of info about the card, including credit/debit.
- adrr 7y agoBIN will tell you if its prepaid/card type. There's some weird rules around prepaid, like your can't set the recurring flag on prepaid on non-reloadable cards. Adyen says they can route cards on different networks though i never used them personally.