3 ms·

Aren't the transaction fees higher for credit cards than for debit cards?

• anamax 4y ago
  There's no free lunch. You may not value the additional protection that credit cards have but other people do.
• wvenable 4y ago
  For merchants, yes. But that doesn't affect you as the consumer.
  • jgwil2 4y ago
    Well, it does though, by raising the average cost of transactions for merchants, a cost that they will pass on to consumers. It means that if you're not using a credit card, then you're paying higher prices in order to subsidize people who do use credit cards. In my observation, it's also becoming more common for merchants to have two different prices for credit card users and others, so you may find yourself paying more if you use credit cards everywhere.
    • wvenable 4y ago
      It's against a merchant's credit card agreement to charge different prices for credit cards vs. non-credit cards. A few small merchants will offer "cash discounts" as a way to get around this but it's not common. I get cash back from my credit card. This is partially paid by the merchant fees. So one way to look at it is that I'm getting a discount at every merchant by using my credit card. Anyone not using a credit card is not getting that discount.