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How Much Are Debit Card Processing Fees

Payment Savvy

Understanding debit card processing fees is important for any business that takes card payments. What Are Debit Card Processing Fees? Debit card processing fees are charges that businesses must pay every time they accept a debit card payment.

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How card network rules help MoviePass disrupt the theater industry

Payments Source

A situation brewing in movie theaters that hinges on card network rules could have broad implications for the entertainment industry.

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Canada's transit fare plan could loosen debit card rules nationwide

Payments Source

Payments Canada is proposing to allow delayed transaction authorization to enable debit cards to be used in open-loop transit — and the change could affect far more than commuters.

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

However, before implementing it, you must know all the state, federal, and card network rules surrounding it. Surcharges can only be applied to recoup some or all of the costs of allowing credit card purchases. Surcharging does not apply to debit cards even if they are used as credit cards.

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MoviePass' Moviefone purchase shows the power of a business built on debit cards

Payments Source

MoviePass has purchased Moviefone, the movie listing and information service, in a deal that gives momentum to a business that owes its success to honor-all-cards rules.

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Can I Legally Charge a Credit Card Fee?

EBizCharge

Card types The type of card used in a transaction can dictate whether a surcharge is permissible. Credit card (CC) surcharges are subject to different rules than those for debit cards. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

Complexity of Implementation: Ensuring compliance with various card network rules and state laws can be complicated. Legal Considerations for Convenience Fees Before implementing convenience fees , it’s crucial to understand the legal landscape and card network rules that govern these charges.