Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Debit Card Vs Credit Card

Reply to topic
Money Talk > Credit & Loans

Author Thread
KatherineLee88
Preferred Member


Cash: $ 22.65

Posts: 112
Joined: 10 Jan 2011
Location: Iowa
 Reply with quote  

quote:
Originally posted by coaster
It's my understanding that the same merchant fee is charged to the merchant regardless of whether the customer uses credit or debit.


Agree.

Although the fee does seem to vary - but it's about ~3%.
I think this is why sometimes if you go to smaller gas station or c-store they require people using cards to make at least a $5 purchase, or some sort of limit so they are at least forcing you to purchase more items to make more of a profit for assisting you than if you just bought a pack of gum with a card.
Post Wed Jan 12, 2011 5:05 pm
 View user's profile Send private message
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
 Reply with quote  

What I do is try to pay cash for purchases under $10, and I'd have no problem if that was made a requirement. I think it's reasonable to expect a merchant to make a profit on a transaction and if the card knicks them for three percent on a five percent markup the two percent that's left isn't going to pay even the overhead on a small transaction.
Post Thu Jan 13, 2011 5:01 pm
 View user's profile Send private message
vkmsolution
Contributing Member


Cash: $ 5.00

Posts: 25
Joined: 10 Jun 2014

Re: Debit Card Vs Credit Card  Reply with quote  

quote:
Originally posted by sarpras
I will need information about debit card and credit card. Please specify difference between debit card and credit card.
In credit card you can buy today and pay later in debit card you need to pay today and buy today.
Traffic Travis Review
Post Fri Jun 13, 2014 6:10 am
 View user's profile Send private message Visit poster's website

Goto page Previous  1, 2, 3
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016