Quote:
Originally Posted by OzSome
Reason for it, I am not sure since the merchant does not have to pay a fee for interac debit. They do on credit card charges though.
|
I am pretty sure stores pay a fee for Interac debit. Where a CC would be a percentage, Interac is usually a fixed amount like 25¢. That's why some places pass the fee along to the consumer.
If a person is buying a $1 item that costs the store 50¢, them paying the 25¢ debit fee would be taking 1/2 their profits away.