Re:The debit card fee driving US banks crazy
by thesimon on Tuesday January 27, 2015 @05:19PM
(#8956463)
If you pay with your EC card (Germany's own debit card system), the merchant pays at least 0,3% with a minimum of 0,08€ for the transaction. The payment is guaranteed and thus similar to US debit cards.
The merchant can also use direct debit, which is almost free (0,05€ for fraud prevention), but leaves him open to chargebacks.
The merchant can also use direct debit, which is almost free (0,05€ for fraud prevention), but leaves him open to chargebacks.