Fuel Price, Cash now means Cash.
We stopped at the Chevron Station just east of Goldbar Washington. The sign said Diesel, Cash $3.89, Credit $3.99. I filled up the truck, took about 40 gallons. Went inside to pay with Debit card a...
Forum Discussion
powderman426 wrote:M GO BLUE wrote:powderman426 wrote:M GO BLUE wrote:
A debit transaction is processed as a credit transaction and therefore the merchant has to pay the transaction fee...
Some merchants choose to not pass on the transaction fee but most will pass the fee on to consumers via higher prices...
You obviously missed my earlier post. The debit fee is in the order of ten cents and not the two percent for credit cards. That's not even close. :S
I never quoted a price per transaction...but they are all processed as a credit transaction
If they were all processed as a credit card transaction, the fee would the same but they are not. Its not even close. The debit fee is small and has nothing to do with the amount of the transaction while the credit card fee is typically two percent and is dependent on the amount being charged. Now do you understand?
I don't understand where the writer of the article got his info. I take both debit and credit cards and I would love to get the rates quoted in the article you posted. Any debit card that the user does not use their pin is treated just like a credit card and depending on the card can be as much as 3.5% and a transaction fee on top of the % fee. A pin based debit card transaction is the cheapest for the merchant but I would guess that less than 3 % of all merchants do enough volume to qualify for a .10 transaction fee. Using a card of any kind cost the merchant and unless you are a huge company doing tens of thousands in transactions a day the cost would be enough to justify no cash discount.
