| 3:14 pm on May 24, 2005 (gmt 0)|
This usually applies to brick and mortar accounts and if the consumer actually enters his / her PIN into your POS device
| 5:49 pm on May 24, 2005 (gmt 0)|
In the UK, debit card fees are generally a fixed cost per transaction of around £0.20 to £0.70, whereas credit cards are a percentage cost aroun 2-4%.
So, for transactions around £20 upwards, debit cards can certainly be less costly to process.
| 5:52 pm on May 24, 2005 (gmt 0)|
My merchent charges a percentage for credit cards and a set fee for debit cards. So for me if its a large transaction its better they pay by debit card, and if its a small one id rather pay a percentage. But then i dont get the choice, its upto the customer how they want to pay.
| 6:51 pm on May 24, 2005 (gmt 0)|
same here, it must be the way the all merchant account providers do it. Like someone above said, you don't get the choice of how they pay.
In the shop I work in though, some people ask which type of card I prefer (its rare though, and often on high sales that they ask.). If its something with a high price I will of course say debit card, as the 60p for a switch card on 1 £100 sale is better for us than a 2% charge on a visa card.
| 8:54 pm on May 24, 2005 (gmt 0)|
You don't indicate waht country you are in, but, it is possible to have a 0% discount rate and only pay a transaction fee. The fee will vary depending on how your account was established.