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We do a lot of recurring transactions. We heard that the interchange rate (merchant account discount fees) can be lower for debit cards as compared to regular credit cards.
Does anyone have any experience with this or tips on where to find more info? Our current merchant provider does not differentiate between the two types of cards.
So, for transactions around £20 upwards, debit cards can certainly be less costly to process.
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.