Forum Discussion
hooligan
Apr 04, 2014Explorer
Apparently there is a lot of variation in what the charges are for use of a debit card. Transactions are routed via Mastercard or Visa networks (interchange) But apparently other fees can apply. See Tiered Pricing costs in the link..
Visa Debit Interchange Fees
Small Ticket Debit (Less than $15): 1.55% plus $0.04
Retail Debit ($15 or more): 0.80% plus $0.15
MasterCard Debit Interchange Fees
(MasterCard refers to swiped transactions as merit III transactions as shown below.)
Merit III Small Ticket Debit (Less than $15): 1.55% plus $0.04
Merit III Debit ($15 or more): 1.05% plus $0.15
Extreme detail here: Card Transaction Fees
Visa Debit Interchange Fees
Small Ticket Debit (Less than $15): 1.55% plus $0.04
Retail Debit ($15 or more): 0.80% plus $0.15
MasterCard Debit Interchange Fees
(MasterCard refers to swiped transactions as merit III transactions as shown below.)
Merit III Small Ticket Debit (Less than $15): 1.55% plus $0.04
Merit III Debit ($15 or more): 1.05% plus $0.15
Extreme detail here: Card Transaction Fees
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