Why the Debit Interchange Limit Is Especially Bad for Low-Income Consumers
The brunt of the new bank revenue-generating push, spurred by the debit interchange limit, will be borne disproportionately by low-income consumers....
Tag: interchange fees
GoPayment, Square, Processing Fees and Cupcakes
GoPayment, a Square competitor, has also dropped the fixed per-transaction component of its processing fee, even though that makes no sense at all....
Card Issuers’ Debit Fee Tests Prove Consumers Will Pay for Interchange Cap
Banks are testing various fees, looking for ways to make up for a $7B shortfall in revenue, a result of the Fed's decision to cap interchange fees....
Debit Interchange Fee Limit by the Numbers (Infographic)
There are significant differences in the way the debit interchange limit affects the two types of debit transactions: PIN-based and signature-based....
Debit Interchange Limit Will Raise Fees on Small-ticket Sales
One consequence of the interchange fee limit will be that small-ticket merchants will be paying higher debit transaction fees than they currently do....