credit card vs debit card interchange fees

Photo: Odilon Dimier | Getty Images Debit Card Interchange Fees: Friend or Foe? - Mint Dec 21, 2010 . First, a refresher on interchange fees (aka “swipe fees”), which are . The fee varies depending on the type of card (debit or credit, reward card . http://www.mint.com/blog/saving/interchange-fees-122110/ Debit card swipe fee debate pits banks vs - CreditCards.com Apr 14, 2011 . Bankers and merchants are fighting hard over the billions in 'swipe fees' charged each time you use a debit card to buy something. But what's . http://www.creditcards.com/credit-card-news/debit-card-swipe-interchange-fee-retailers-bankers-consumers-1271.php National Retail Federation - Quick Facts: Credit and Debit Card ... Swipe fees – officially known as “interchange” fees – are a percentage of the transaction taken by banks each time a consumer swipes a credit or debit card to . http://www.nrf.com/modules.php?name=Pages&sp_id=1445

Photo: Spencer Platt | Digital Planet Design The Role of Interchange Fees on Debit and Credit Card ... When consumers use debit or credit cards to make purchases, merchants are . scrutiny from regulators on the appropriate level of interchange fees and the . http://www.richmondfed.org/publications/research/economic_brief/2011/pdf/eb_11-05.pdf Competition and Credit and Debit Card Interchange Fees: Nov 30, 2005 . network such as MasterCard, Visa, or a domestic debit card network. . As is the case with credit cards, interchange fees on signature debit . http://www.kc.frb.org/publicat/psr/rwp/Weiner-HayashiWorkingPaper11-30-05.pdf

Photo: Tetra Images | Getty Images Debit or Credit? - Debit Card Fees - Interchange Fees - Blocking ... When you purchase with plastic you're often asked if you'd like to make it a debit or credit transaction. What's the difference? The choice you make determines . http://banking.about.com/od/checkingaccounts/a/debitvscredit.htm Lower Credit Card Fees Leads To Cheaper Prices At Home Depot ... Jun 18, 2012 . Lower Credit Card Fees Leads To Cheaper Prices At Home Depot . its 3,000+ products since the cap on debit card swipe fees was passed last October. . maintain its image as the lower priced retailer compared to Lowe's, and the price . It has helped reduce the interchange fee, which is the third highest . http://www.forbes.com/sites/greatspeculations/2012/06/18/lower-credit-card-fees-leads-to-cheaper-prices-at-home-depot/

Photo: Spencer Platt | Getty Images Debit vs Credit Card Charge Calculator Jul 16, 2012 . See the difference between debit card or credit card charges with this debit . This calculator is updated as interchange fees and debit network . http://www.cardfellow.com/blog/debit-card-credit-card-difference-charges/ Regulation of Debit Interchange Fees - Federation of American ... Jul 12, 2011 . The interchange fee is paid to the card-issuing bank (the consumer's bank . credit or signature debit cards that may have higher merchant . http://www.fas.org/sgp/crs/misc/R41913.pdf How the battle over credit card swipe fees hits consumers - USA Today Oct 30, 2010 . Separately, new regulations this year will cap the debit card swipe fees . Q: First off, what are interchange fees and why is there so much talk about them? . merchant pays a fee to the bank or credit union that issued the card. http://www.usatoday.com/money/perfi/credit/2010-10-30-consumers-credit-card-swipe-fees_N.htm

Photo: Peter Cade | Getty Images The Durbin Amendment Explained When you use your debit, credit or prepaid card at a store, the merchant has to pay an interchange, or “swipe,” fee. The fees vary in proportion to perceived . http://www.nerdwallet.com/blog/banking/durbin-amendment-explained/ Credit card issuers repay retailer fees; cost could reach consumers ... Jul 17, 2012 . Antitrust settlement could lead to higher prices for card users. . an "interchange" or "swipe" fee, every time a credit card or debit card is used for . http://blog.al.com/businessnews/2012/07/credit_card_issuers_repay_reta.html Interchange fee - Wikipedia, the free encyclopedia In a credit card or debit card transaction, the card-issuing bank in a payment transaction deducts the interchange fee from the amount it pays the acquiring bank . http://en.wikipedia.org/wiki/Interchange_fee

Photo: Tony Anderson | Getty Images Fees and interchange For credit cards, the fee is generally a small percentage of the value of the transaction; for debit cards, it is usually a small flat fee. Interchange fee levels also . http://www.visaeurope.com/en/about_us/our_business/fees_and_interchange.aspx FRB: Average Debit Card Interchange Fee by Payment Card Network Regulation II (Debit Card Interchange Fees and Routing) . fees that averaged 8 cents and 4 cents per transaction, respectively (compared to 8 cents in 2009). http://www.federalreserve.gov/paymentsystems/regii-average-interchange-fee.htm Interchange Fee Battle Rages On Overseas - Forbes Jun 1, 2012 . Last year, the Federal Reserve cut the interchange fee on a debit [. . For years, interchange fees on debit and credit card transactions have been the subject of a heated debate between . Please log in or sign up to comment. http://www.forbes.com/sites/moneybuilder/2012/06/01/interchange-fee-battle-rages-on-overseas/

Photo: Getty Images New Rules on Electronic Payments Lower Costs for Retailers | BCP ... PCNs may be debit card networks, credit card networks, or both. interchange transaction fees, which include fees established, charged, or received by a . http://business.ftc.gov/documents/bus78-new-rules-electronic-payments-lower-costs-retailers How the Cut in Debit Card Swipe Fees Will Affect You - DailyFinance Jul 3, 2011 . Should you start using your credit and debit cards differently? . to use them -- over and above the controversial banking interchange fees. . had a bank that charges a fee to use my debit card for debit or credit purchases? http://www.dailyfinance.com/2011/07/03/how-the-cut-in-debit-card-swipe-fees-will-affect-you/

Photo: iStock 5 Things to Know About New Debit Card Fees - US News and World ... May 1, 2012 . New regulations cap the fees charged on debit card transactions, but . the Federal Reserve to issue rules on interchange fees, or the fees card . by MasterCard found that annual fees charged on credit cards went up by 22 . http://money.usnews.com/money/personal-finance/articles/2012/05/01/5-things-to-know-about-new-debit-card-fees Does law hurt or help banks, consumers? | Atlanta Forward Jul 10, 2012 . The swipe-card fees banks received from retailers for these . or to prepaid debit cards, which are often more costly than standard checking accounts. . were far lower than the still-unregulated credit card interchange fees. http://blogs.ajc.com/atlanta-forward/2012/07/10/does-law-hurt-or-help-banks-consumers/

Photo: PM Images | Getty Images Subterfuge, confusion surround new credit, debit card rules - VIN Sep 30, 2011 . The current interchange fee on swiped Visa debit cards, for example, . “We do ask the 'credit or debit' question, and now debit transactions . http://news.vin.com/VINNews.aspx?articleId=19929 Credit Card Settlement May Side-Swipe Consumers - TheStreet Jul 18, 2012 . A deal between merchants and credit card companies may lead to . called an interchange or swipe fee, every time a credit card or debit card is . http://www.thestreet.com/story/11621594/1/credit-card-settlement-may-side-swipe-consumers.html Why credit card interchange fees should come down | Felix Salmon Jun 25, 2009 . Why credit card interchange fees should come down . on merchants that prevent the discounting of Cash and Debit Card purchases vs. Credit . http://blogs.reuters.com/felix-salmon/2009/06/25/why-credit-card-interchange-fees-should-come-down/ National Retail Federation - Credit Card Interchange Fees Credit card interchange is a fee averaging close to 2 percent that Visa and . U.S. retailers and consumers pay about $50 billion a year for interchange, or triple . NRF Says Federal Reserve Action on Debit Cards Could Lead to Discounts for . http://www.nrf.com/modules.php?name=Pages&sp_id=838

Photo: Ryan McVay | Photodisc | Getty Images Benefits of cap on debit card fees not expected to last - The ... Jan 27, 2012. country are saving money from the cap on debit card interchange fees. . account fees, improved rewards credit cards, and/or started offering . http://www.washingtonpost.com/business/benefits-of-cap-on-debit-card-fees-not-expected-to-last/2011/12/12/gIQA4PWMVQ_story.html Harzog: Capping Credit Card Swipe Fees Could Be Bad for ... Oct 7, 2011 . But limiting the interchange fee on credit cards isn't a win for consumers. . whether you get new fees on your debit card or on your credit card, . http://blog.credit.com/2011/10/capping-credit-card-swipe-fees-would-be-bad-for-consumers/

Photo: Stockbyte | Getty Images Interchange Rate Definition | Investopedia A fee charged by banks that covers the cost of handling and credit risk inherent in a bank credit or debit card transaction. Interchange fees are usually paid to the . http://www.investopedia.com/terms/i/interchange-rate.asp FRB: Interchange Fee Standards: Small Issuer Exemption Aug 10, 2012 . Regulation II (Debit Card Interchange Fees and Routing) . of $10 billion or more, and therefore are not exempt from the interchange fee . Type, The type of institution (e.g., commercial bank, savings & loan, or credit union). http://www.federalreserve.gov/paymentsystems/debitfees.htm Congress Drops an Axe on the Credit Card Industry (MA, V) May 17, 2010 . Interchange fees are charged when anyone swipes a card, debit or credit. They typically range from 1%-3% of the transaction amount. So when . http://www.fool.com/investing/general/2010/05/17/congress-drops-an-axe-on-the-credit-card-industry.aspx

Photo: Tony Pagliaroli | Getty Images New York Times Disappointing Article on Credit Card Interchange Fee Mar 8, 2011 . Credit cards and debit cards are easy to use, but what customers don't . card the transaction fee would be 19 cents plus 1.68% interchange fee. . debit cards or generic credit cards go to pay for rewards for the ultra cards: . http://rortybomb.wordpress.com/2011/03/08/new-york-times-disappointing-article-on-credit-card-interchange-fee-reform/ Reducing Your Credit Card Processing Costs | Intuit Payment ... There are many costs to consider when accepting credit cards, from setup and application to . This may happen when a card is manually keyed into a terminal versus being swiped, . Ask your provider if you can pay the interchange fee as it is incurred. . Debit cards are another type of card that has grown in popularity. http://payments.intuit.com/resources/reduce-credit-card-processing-costs.jsp

Photo: Indeed | Photodisc | Getty Images Government Approves New Limits on Debit Card Interchange Fees ... Jun 22, 2010 . Enter username or email . Government Approves New Limits on Debit Card Interchange Fees . legislation is also debit card specific, meaning card companies will continue making money off of credit card interchange fees. http://www.mybanktracker.com/news/2010/06/22/government-approves-new-limits-on-debit-card-interchange-fees/ Reform Extends to Debit Card Interchange Fees - Daniel Indiviglio ... May 14, 2010 . They responded last year by increasing credit card fees and interest rates . ahead for debit cards if banks can't count on as much interchange revenue. . If you're not already logged in you will be asked to log in or register. http://www.theatlantic.com/business/archive/2010/05/reform-extends-to-debit-card-interchange-fees/56746/

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