article thumbnail

EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

If a customer uses a chip and PIN debit card, it may be less expensive than if they use a chip and signature card. This is due to the fact that PIN debit processing costs are often lower than credit card processing costs. Q: Are there cost differences when accepting chip and PIN vs. chip and signature cards?

article thumbnail

How Much Are Debit Card Processing Fees

Payment Savvy

Since PIN debit transactions are processed directly through debit networks (Interlink or Maestro, for example), they generally incur lower fees compared to signature debit transactions. You probably want to know what can you do to ensure your debit card processing fees are as low as possible.