Debit cards - merchant surcharges
Aug 19, 2009 | 11:41 am
#1
Original Poster
Join Date: Sep 2008
Location: YYZ
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Debit cards - merchant surcharges
I hope this is the appropriate forum for this question.
As many of us are aware, it goes against a merchant's contract with Visa or Mastercard to add a surcharge to a purchase or to impose a minimum purchase amount on customers when the customer is paying with a credit card.
Do the same "rules" apply between merchants and the Canadian banks with respect to DEBIT card purchases? I suspect not, but I'm wondering if anyone knows for sure.
This is strictly a question about purchases in Canada with Canadian debit cards.
As many of us are aware, it goes against a merchant's contract with Visa or Mastercard to add a surcharge to a purchase or to impose a minimum purchase amount on customers when the customer is paying with a credit card.
Do the same "rules" apply between merchants and the Canadian banks with respect to DEBIT card purchases? I suspect not, but I'm wondering if anyone knows for sure.
This is strictly a question about purchases in Canada with Canadian debit cards.
Aug 19, 2009 | 1:37 pm
#2
Join Date: Jan 2005
Location: Vancouver, Canada
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Posts: 8,810
No they do not. In the same way a vendor can charge you $2 to use their 'white box' ATM, a vendor can charge you to pay by interac.