PIN-Based Debit Interchange Fees to Rise under New Fed Rules
Under the new Federal Reserve rules on debit interchange fees, some merchants accepting PIN-based debit will end up paying higher fees than before....
Tag: interchange fees
What Everyone Selling Ringtones Should Know About Credit Card Acceptance Pricing
Ringtone-selling merchants pay higher transaction fees than their peers in most other industries, because of how the interchange system works....
Debit Card Fee Limit Lifted to 24 Cents, Consumers Will Still Pay for It
The Fed has capped debit fees at $0.24, which amounts to government-mandated redistribution of revenues between industries, something it has no business doing....
Senate Hands U.S. Retailers a $16B Win Over Card Issuers
The Senate has voted against delaying the cap on debit card interchange fees, handing retailers a $16B win in their fight against card issuers....
Debit Fee Limit Side Effects Begin to Kick In
The side effects of the proposed fee limit on debit card transactions are beginning to kick in; consumers will end up paying higher rates and fees....