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
hooligan wrote:
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
I love these kind of documents when I get them. Someone asked a question at the end of the article and the writer answered with the following explanation:
"Regulated debit card will incur an interchange or PIN debit network charge of 0.05% plus a $0.22 transaction fee. Issuers that meet certain fraud deterrent standards can charge an extra $0.01, making the transaction fee $0.22. The 1.55% plus $0.04 and 0.80% plus $0.15 are interchange charges associated with unregulated (issuing institutions with $10 billion or less in assets) offline (meaning non-PIN) debit transactions."
I hope you all got that. See, it as simple as a flat .10 fee as someone thought earlier!:B:B
