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by lotsofpulp 994 days ago
A business can always choose to only accept debit to limit their card transaction costs to near zero.
1 comments

Debit isn't always cheaper.

https://dharmamerchantservices.com/faq/visa-consumer-interch...

Scroll down and check out the debit rates. 22 cents a transaction for credit union debit cards isn't cheap.

Agree that it’s still killer for small transactions. Which is why the US federal government should have long ago offered electronic money transfer as a utility where merchant fees were low even for smaller dollar amount purchases.
Maestro is 0.3-0.4% in Europe, which isn't bad.