3 ms·

FYI transaction costs are a percentage of the total charge. Plus interchange and all that crap. Without looking too far into this, I'm pretty sure debit transac

• toomuchtodo 12y ago
  "Overall, signature debit networks charged substantially higher fees, on a per-transaction basis (12.5 cents), than did PIN debit networks (5.7 cents), and the difference between these fees on a per-transaction basis widened in 2012." http://i.imgur.com/3iu43vi.jpg http://i.imgur.com/3iu43vi.jpg http://www.federalreserve.gov/paymentsystems/regii-average-interchange-fee.htm http://www.federalreserve.gov/paymentsystems/regii-average-i... "The Board's Regulation II provides that an issuer subject to the interchange fee standard (a covered issuer) may not receive an interchange fee that exceeds 21 cents plus 0.05 percent multiplied by the value of the transaction, plus a 1-cent fraud-prevention adjustment, if eligible. Transactions made using certain reloadable general-use prepaid cards and debit cards issued pursuant to government-administered payment programs are exempt from the interchange fee standard, even if the card is issued by a covered issuer." Also: http://www.cardfellow.com/blog/debit-card-transaction-fees/ http://www.cardfellow.com/blog/debit-card-transaction-fees/