Re:Walmart Canada stops accepting Visa cards
by cmurf on Sunday June 12, 2016 @06:32PM
(#11890651)
OK you've mistaken my meaning. I'm saying a line item that says "your credit card fee" with a price that is the actual cost of the transaction fee. Not more, not less. You use a debit card, this would be $0.26, for a typical credit card $3.10. You would have control over this fee.
Right now the federal law actually says businesses can't pass on the cost of the debit card fee, but can pass on the credit card fee (not in certain states). But in either case you learn what your card costs you, rather than passing on that cost to everyone who uses debit cards, cash, or credit cards that incure lower fees to the merchant.
Right now the federal law actually says businesses can't pass on the cost of the debit card fee, but can pass on the credit card fee (not in certain states). But in either case you learn what your card costs you, rather than passing on that cost to everyone who uses debit cards, cash, or credit cards that incure lower fees to the merchant.