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I was under the impression that PLUS was simply used at ATMs. By comparison, many merchants in Canada accept Interac. The fees for Interac are typically rather
by cbhl 13y ago
I was under the impression that PLUS was simply used at ATMs. By comparison, many merchants in Canada accept Interac.
The fees for Interac are typically rather low (IIRC, a monthly fee plus $0.50/transaction) compared to Visa/MC (some percentage of the sale, depending on risk).
Debit transactions through Visa/MasterCard generally just give you the worst of both worlds (high merchant fees, and transactions affect your checking account balance instantly).
- maxerickson 13y agoThere are multiple debit networks in the U.S. I'm not sure about the fees, but I'm under the impression they are lower than credit (mostly because POS systems are set up to prefer PIN style transactions).