The settlement of the Visa/Mastercard case appears to be going to hit consumers soon.
http://www.wxyz.com/dpp/money/consum...e1342633283949
Our greatest glory is not in never falling, but in getting up every time we do. - Confucius
Anyone have any idea if you would be charged when using a debit card?
I am under the impression that would not be the case. It would be for Credit Cards only. At least at this time. It this happens (including debit cards) people will have to carry a lot more cash on them, and you are going to see crime go up. Especially at really big stores like Meijers and Walmarts.
Our greatest glory is not in never falling, but in getting up every time we do. - Confucius
Per the article:
The store has not yet said if it would also charge this higher price to debit card users as well, though it does not appear likely, as debit cards are not part of the settlement. Also, the company has not yet said if stores would charge the higher price for American Express and Discover cards, as they were not part of the settlement.
A government which robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw
****ing sucks. I only use my credit card.
arent many/most debit cards issued by visa/mastercard? why wouldnt they want to pass on the fees for that? the merchant stills pays for those transactions iirc
oh and this sucks.... but cant be that unexpected... oh well
Why wouldn't they charge yo the credit card prices? They still are paying a processing fee on your debit card.
Personally I would like to see everyone charge more for credit/debit card usage. I always pay cash and I get tired of having to subsidize those who pay with cards.
"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."
-Winston Churchill
As long as I can still pay with gold or silver, I'm ok.
A government which robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw
Bookmarks