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Dave Smith[_1_]

On 2016-01-07 7:35 AM, wrote:

>> You enjoy paying the bank for every transaction? Pay with cash if
>> you're all about paying on the spot.
>
> I don't pay anything for using my debit card - I suppose I would if
> the money was not in my account but that has never happened. I can't
> imagine going to an ATM, getting cash and paying on the spot that way.
> With a debit card it's as if my whole chequing account is right with
> me.
>

No. You don't pay anything .. directly. The merchant pays a transaction
fee. Knowing that a lot of people are going to pay by debit card or
credit card, the tack a little extra on their prices to cover it. Then
we all end up paying extra for goods. That is why some places are
willing to give a discount for cash. When someone pays cash without a
discount the merchant makes a little extra profit... the money that
would have gone to pay the card fees.