Quote:
Originally Posted by ken0042
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.
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Not on our Debit Card machine. We get charged flat fee service fee monthly, then we pay percentage on any credit card charges. Mind you, most or all of our debit card charges are at least $20 or more so maybe you are right on charges for anything less than $10.