FlyerTalk Forums - View Single Post - USA issuers announce EMV cards (Chip & PIN -or- Chip & Signature).
Thread: USA issuers announce EMV cards (Chip & PIN -or- Chip & Signature).
View Single Post
Old Jun 5, 2011 | 3:28 pm
  #66  
soitgoes
FlyerTalk Evangelist
20 Years on Site
 
Join Date: Jul 2003
Posts: 11,377
Originally Posted by kebosabi
Is this true? I've figured it was the other way around as I know several places where they pass on the PIN based fee to the consumer while none for using the "credit" function of cards.

Case in point: Living in the West Coast, many would know the monotonous tone of cashiers saying "credit is free, debit is 75 cents" at Carl's Jr. Similar with Arco gas stations in CA; using debit with PIN tacks on additional fee as opposed to paying cash.
Credit card merchant agreements prohibit the collection of a fee, while the pin-based debit card merchant agreements (STAR, Plus, etc.) do not. PIN debit is typically a flat fee per transaction for the merchant.
soitgoes is offline  
Reply