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I believe most PIN-based payment systems end up being a lot cheaper than that, and since this is MasterCard we're talking about, maybe you should look at a netw
by fennecfoxen 12y ago
I believe most PIN-based payment systems end up being a lot cheaper than that, and since this is MasterCard we're talking about, maybe you should look at a network like Maestro (which is big in the EU). Unfortunately it's really hard to pin down exact rates with a casual Google search...
- xxs 12y agoIn Europe bank card retail purchases and most debit card withdrawals (some exceptions) are free.
- spurgu 12y agoFree for the end consumer yes, but the retailer probably pays some kind of fee?
- xxs 12y agoYes, flat monthly fee.
- ksec 12y agoWow, could you share what sort of price range is that? I never knew the debit cards transaction were free payment process.
- msh 12y agoIn Denmark the charge for a debit card is 0.20 usd plus 0,1% of the transaction for purchases above approximately 18 usd. It's is a smaller fixed amount for smaller purchases.
- brazzy 12y agoNope. At least in Germany, it's 0.3% and a minimum of 8 cents per transaction, plus the monthly infrastructure fee.
- raverbashing 12y agoThis is for EC?
- brazzy 12y agoYes
- needusername 12y agoI believe the new credit interchange for EU is similar.