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Discounted Debit Cards

Businesses should offer discounts for using Debit Cards

         

Golden

7:39 pm on Nov 20, 2009 (gmt 0)

10+ Year Member



I think businesses should offer discounts for using debit cards over credit cards. Or I guess they like sending 5% of those purchases back to the big banks who got stimulus money to continue to charge them and the consumer higher interest rates and higher late fees, etc.

Why not offer a $50 debit card for your business for $40?

MrHard

8:00 pm on Nov 20, 2009 (gmt 0)



I always just assumed we pay a processing fee on debit card purchases.

If not, I never knew processing through them was free. Great idea.

LifeinAsia

9:26 pm on Nov 20, 2009 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



...sending 5% of those purchases...
Why not offer a $50 debit card for your business for $40?

So instead of paying 5% (realistically more like 2-3%), you want us to pay 25%?! ($50 is 25% more than $40.) No thanks!

bwnbwn

9:59 pm on Nov 20, 2009 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Because there is no difference in a cc and a debit card on a net purchase. Both purchases are done without sliding the card so both fall into the same internet charge.