6 ms·
fwiw there is still a fee involved, usually just much lower so the merchant eats it
by maerF0x0 21d ago
fwiw there is still a fee involved, usually just much lower so the merchant eats it
- cjenkins 21d agoIn the US debit card fees are capped (https://www.federalreserve.gov/paymentsystems/regii-average-interchange-fee.htm https://www.federalreserve.gov/paymentsystems/regii-average-...). The cap is low enough that there isn't enough to fund rewards like we see on credit cards. IIRC there were debit card rewards when they first came out but those went away with the fee caps.