Debit card purchases to be capped at $50?

[bigb3433]

so basically its another ploy to get retailers to swipe check cards as credit.. PIN based debit yields the lowest fees on transactions to the merchant. Hence why rewards points programs only give points on non-pin transactions.

instead of a .75% + $0.25 per transaction (varies on processor) for a PIN/swipe

its 1.40-1.80% + $.xx per transaction (varies) to the merchant for credit swipe

 

[bigb3433]

Interesting timing, just watched Inside Job.

just watched that the other day.. great film. not paying taxes on $485 million to get your gov. job = WINNING

 

[Skippy McGee]

Everything must go for $49.99!

 

[kingofsp]

Who actually charges a card as debit anyways?

Most charge as credit.. If you charge as debit they need your pin to bill it, like an atm.

You guys understand their are different networks right? Its the way its charged not the card

That.

 

[PhillipMarlow]

"Red in Tooth and Claw"

---Felix Dennis