On Thursday, January 7, 2016 at 8:44:00 AM UTC-10, Ed Pawlowski wrote:
> On 1/7/2016 12:09 PM, Gary wrote:
> > Ophelia wrote:
> >>
> >> +1 sf simply doesn't understand how our debit cards work.
> >
> > That's evidently true. She seems to think that you pay a transaction
> > fee every time you use a debit card. It's not true at all.
> >
>
> Correct, the merchant pays a fee. You just pay higher prices for
> everything as the merchant has it build into the selling price.

I also pay a PCI fee - it's around $125. The PCI is an organization that recommend standards for the payment processors. My guess is that the payment is something cooked up by the bank so they can get more dough from us poor merchants. I doubt that that money is going anywhere except the bank's pockets.