Payment Savvy

JULY 3, 2024

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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Debit Card Process Debit Transaction Processors 52

Stax

JULY 30, 2024

Unfortunately for them though, credit card payments come with a cost. billion in fees for accepting Mastercard and Visa credit cards in 2023. This was, in fact, the first time that swipe fees for these two card networks crossed $100 billion. The surcharge rate cannot exceed credit card processing fees.

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Credit Cards Laws Rules Debit Card 88

EBizCharge

JUNE 28, 2024

Credit card (CC) surcharges are subject to different rules than those for debit cards. While retailers can impose surcharges on credit card purchases, debit card transactions are shielded from such fees, including when the debit card is run “as credit.”

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Credit Cards Legal Debit Card Disputes 52

Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

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Federal Trade Commission FTC Debit Transaction Compliance 83

Payments Source

DECEMBER 14, 2017

As Mastercard, Discover and American Express all plan to drop signature authentication at the point of sale, Visa is largely mum on the topic. But does it really need to weigh in?

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Authentication Visa Card Network Rules Debit Card 75

Payments Source

JANUARY 26, 2018

monthly movie subscription model, which uses a Mastercard to guarantee payment through its app. MoviePass has pulled its participation from 10 AMC movie theaters following disagreement over the theaters’ support of MoviePass’ $9.95

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Visa Participant Payments Card Network Rules 68

Payment Savvy

JULY 12, 2024

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.

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Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52