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by tbgvi 2600 days ago
The debit rates you are referencing are for in-person transactions where a pin number is entered. Debit cards can be used for online transactions but the interchange cost is more like 1.8% + $0.10.
1 comments
abalone 2600 days ago
False. Regulated e-commerce card-not-present debit interchange (i.e. online transactions) is 0.05% + $0.22.[1]

Kind of mind blowing, right?

[1] https://usa.visa.com/dam/VCOM/global/support-legal/documents...

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