Originally Posted by
rasheed
Apparently Gen 1 had a swipe reader at the top, but Gen 2 does not. I guess you would have to manually key (and pay the higher rate) for pre-paid cards which I think are the only cards in the wild that do not have chip. It is also important to note that you only need the puck, the base doesn't do anything. Looks like this is targeted at many of the popular Square/Clover/Toast/small Ingenico/Elavon options, but there is no separate debit pricing offer and definitely no PIN option. So, no surcharging allowed. Chase putting upfront pricing (which might be lower after talking with an account manager) is interesting. I guess it makes sense that Chase is not offering surcharging, but all the other acquirers are doing so.. I am more concerned about no lower debit pricing which we have also seen from Square. I think this is a problem.
https://www.chase.com/business/suppo...-chase-pos-app
I mean, technically merchants using Chase can't surcharge because of AmEx acceptance, but even if you somehow didn't accept it, surcharging is only allowed on credit cards anyway (i.e. you can't even surcharge debit cards run "as credit"). Not that this particular rule stops a lot of the merchants that surcharge, though.
EDIT: I forgot to mention that my HSA debit card
still doesn't have a chip (
not to mention EBT cards), so magstripe is still more common than it should be. I doubt anyone eligible to accept either would be using Chase's solution, though.