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Debit cards only. I'm sure the fees are significantly lower for debit vs. credit cards.
by sandipc 13y ago
Debit cards only. I'm sure the fees are significantly lower for debit vs. credit cards.
- jey 13y agoYeah, true. But isn't it still in the neighborhood of 2%?
- lachyg 13y ago0.05% + 22¢ for debit cards.
- hyperbovine 13y agoThat is an insane amount of money to be losing if/when this thing takes off. There must be more to the story.
- pranavpiyush 13y agoI don't think so. Its a user acquisition cost. Instead of putting up Ads, they're offering a free service. Good tactic.
- privong 13y ago> I'm sure the fees are significantly lower for debit vs. credit cards. This used to be the case, but in recent discussions with retail owners I've been told that the fees are now comparable.
- robotresearcher 13y agoIn my Canadian city high-volume, low-price businesses such as independent fast food places take debit only since credit card charges would remove a good bit of their margin on a sale.