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Comment by ToFundorNot

Incidentally, debit cards ('check cards') in the US are more expensive than credit cards as a ratio of processing costs to fees (they charge %~.75.

These fees are more in line with costs in Canada (~$.03 a transaction).

https://www.cardpaymentoptions.com/fee-sweep/debit-fees-expl...

These numbers align with my experience when working for a processor in the US.

parent ToFundorNot 7 years ago

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