Originally Posted by
tuphat
This. The Durbin amendment was ONLY about limiting swipe fees, NOTHING to do with requiring GCs to have PINs. I still view it as a net negative, from both a MS perspective and, more generally, unneeded price fixing by the govt.
Right, It's not necessairly PIN vs. no PIN but the knock on effect of this is the merchant cost. Not having a PIN would cause it to run as a credit/signature transaction which would make selling MOs this way (and for us MSing) unprofitable for the merchant, vs the flat fee debit card swipe fee.