Do debit cards typically incur the same fees as credit cards?
I thought many places here (Canada) accepted debit but not credit because it was a fixed fee per transaction not a %
I thought many places here (Canada) accepted debit but not credit because it was a fixed fee per transaction not a %
Debit cards issued by Visa or Mastercard and operating over those networks incur a lower fee than credit cards but follow the same interchange fee structure. Australian Visa interchange fees are here: http://bit.ly/visainterchangefees. Just incase anyone was interested. Whether or not these cards require a PIN or signature depends on whether they use the Chip-and-PIN system, which all new cards issued in Australia should.