[khuey]

Debit card fees in the US have been capped at $0.22 + 0.05% for more than a decade.

[MarkSweep]

Only for large banks. Search “ durbin exempt interchange”.

[khuey]

Last I looked at the numbers most transactions were covered by the Durbin Amendment. Interchange fees for exempt single message (PIN) transactions had also fallen to basically the cap. It was really only exempt double message (signature) transactions that were still expensive.

[dagw]

Which is still over 1% for purchase under $20

[mardifoufs]

But still less than the EU's 0.2% cap for any serious purchase. (Over ~120$, so I'm sure it evens out)

[woobar]

Why do merchants in Germany have minimum transaction amounts for card purchases then?