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Credit cards can cost more for merchants to process, sometimes they pass this cost onto the consumer with a credit card surcharge. It's also easier to track yo
by jiggy2011 12y ago
Credit cards can cost more for merchants to process, sometimes they pass this cost onto the consumer with a credit card surcharge.
It's also easier to track your spending on a debit card as you can check the remaining balance at any ATM rather than waiting for the bill or going online.
- coev 12y agoEvery place I've been to that surcharges credit cards also tries to do it to debit (see gas stations) so your line of reasoning there is suspect.
- AjithAntony 12y agoI don't have a source to cite, but I think in general, Debit cards swiped as credit cost the merchant the same or maybe more. There are some recent court decisions that may have capped these. High fees for this stuff is the reason by so many banks changed their retail business model to things like Totally free checking(when you make 12 debit card purchases each month).