Thread: Happy New Year
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Dave Smith[_1_] Dave Smith[_1_] is offline
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Default Happy New Year

On 2016-01-07 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.
>


There is a charge to the business. It is appropriately called a swipe
fee. Every time a customer makes a payment with a debit card the vendor
pays a fee of 30-40 cents. Someone selling a cup of coffee and having
to pay that fee when a customer uses a card is going to take a hit on
their profit margin.