you are viewing a single comment's thread
view the rest of the comments
[–] 15 points 1 week ago (2 children)

Best part is all these payment methods, including checks incur the same processing fees since 2006 with the Check21 regulations.

This made all transactions - debit card, check, transfer, function the same way through the same processing.

So a check genuinely costs them more - from not charging thebfee, to requiring at least some manual oversight.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 1 point 6 days ago (1 child)

    Is that true in the US? Where I come from, card payments have a fee that the merchant has to pay, but bank transfers are free and instant.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 6 days ago*

    Yup! The bakery where I buy my coffee on occasion has their menus listed with two prices.. The card prices are 4% higher. So an item that is priced at 7 bucks cash is listed as $7.28 for card.

    Makes me so glad that I have never signed up for a card.

    Over 60 with NO credit rating.. delightful.

  • source
  • parent