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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 interc

by tbgvi 7y 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.

abalone 7y 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/visa-usa-interchange-reimbursement-fees-2017-april.pdf https://usa.visa.com/dam/VCOM/global/support-legal/documents...
- deleted 7y ago
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