Comments on: ATM Cards More Expensive to Process than Credit?

By: Rebecca Gilbert

Rebecca Gilbert — Sat, 06 May 2006 01:52:42 +0000

This Blog is really helpful to me. Its a learning experience. Hope everyone feels the same.

Rebecca Gilbert
http://www.creditcardprocessingcenters.com

By: Andrea Jasperson

Andrea Jasperson — Mon, 06 Feb 2006 12:58:47 +0000

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at http://www.creditcardprocessingcenters.com.

Andrea Jasperson
http://www.creditcardprocessingcenters.com

By: Gary

Gary — Fri, 27 Jan 2006 18:47:23 +0000

Re: Arco Debit Card Fee.

Until the very recent requirement that you accept a debit card fee at the initial swiping of your debit card, I remember Arco's practice as being one in which you did not know you were being charged a fee for using your debit card until you printed out your receipt from the pay island at the conclusion of the sale.

Do you recall this practice?

Do you recall when Arco started informing you of the debit card charge?

Thanks, Gary

By: Gary

Gary — Fri, 27 Jan 2006 18:46:07 +0000

Re: Arco Debit Card Fee.

Do you recall this practice?

Do you recall when Arco started informing you of the debit card charge?

Thanks, Gary

By: jerry

jerry — Thu, 19 Jan 2006 02:18:08 +0000

You can always get a better deal when it comes to the flat fee for pin entered debit transactions. We set clients up with these accounts all of the time – and in your case – I would have never let you set up the pin pad – you are probably better off pulling it out of the back of the machine and just telling your clients that you will run their debit card as a credit transaction – your debit % is typically much lower than your swiped credit % – if you insist on still using a pin pad – you should be able to get a rate closer to $.45.

By: business credit cards dude

business credit cards dude — Fri, 30 Sep 2005 03:33:52 +0000

Wow, what a crock and a kick in the pants where it hurts for the merchants. This I did not know but it just goes to show how capatilistic these card companies can be when they know they have the merchants back slammed up against the wall.
They must have it to run their respective business seamlessly and these people know it.
Legislation should be enforced so that this fee can be tapered waaaay back to under the reg. credit card fees.
Excuse me while I go puke!
Cheers,
Brian

By: Matthew Brown

Matthew Brown — Mon, 12 Sep 2005 01:58:20 +0000

In California, at least, an extra charge for ATM use is commonplace. Almost all fast-food chains do so, as do ARCO gas stations, 7-Eleven convenience stores, and other such places. However, there seems to be something, whether it’s law or card processing agreements, which makes them not charge extra for credit card purchases (although a credit-card purchase minimum amount is commonplace).

By: Vicki

Vicki — Sat, 10 Sep 2005 15:00:17 +0000

Why is it that Costco only lets one use their debit card, with the exception of their American Express?

Mark has a point about letting the consumer pay the charges; I believe that's what Carl's Jr. does.

By: Mark Horn

Mark Horn — Fri, 09 Sep 2005 14:52:40 +0000

Why not just pass the cost on to the customer? Let them pay with an ATM card w/pin pad, but add the extra expense in when they use it. That will allow them to make the decision to incur the extra charge instead of you having to eat it.

If you get too many questions, stick a sign next to the PIN pad explaining the charge.

By: Doug Murray

Doug Murray — Fri, 09 Sep 2005 12:02:01 +0000

On the first day of Marketing 101, many decades ago, my professor told us,"If you learn nothing else this semester, remember one thing - cost has nothing whatever to do with price." I always disagreed, holding that cost can establish a price floor, but above that, he was absolutely right.

Your response, not taking debit cards, is the right one. As long as people pay the asking price, it won't change, but with enough similarly-minded neanderthals, BofA might rethink things a little.