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In article ,
When Debit cards came out a few years back, many merchants were charging about 25 cents for DEBIT transactions until it was widely pointed out that a debit transaction cost much less (one cent) than processing a paper check. The AM/PM gas stations (ARCO) around here kept the practice in place for about two years after the other merchants went to doing it free. I stopped going to those stations and don't know if they STILL do it. I've always wondered why I can use my debit card w/o a service charge any place EXCEPT a bank ![]() fee. But if I go to a cash machine... |
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![]() "'Vejita' S. Cousin" wrote in message ... In article , When Debit cards came out a few years back, many merchants were charging about 25 cents for DEBIT transactions until it was widely pointed out that a debit transaction cost much less (one cent) than processing a paper check. The AM/PM gas stations (ARCO) around here kept the practice in place for about two years after the other merchants went to doing it free. I stopped going to those stations and don't know if they STILL do it. I've always wondered why I can use my debit card w/o a service charge any place EXCEPT a bank ![]() fee. But if I go to a cash machine... Because the machines in place at merchants are paid for _by the merchant_. The ATM machines you use from a competitor bank cost the competitor bank around $100,000 to install and setup. |
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