Debit card fees: Limits on banks’ debit card fees hit a snag – latimes.com


Every time a debit card is swiped, the merchant pays the bank an average of 44 cents to process the transaction. The Federal Reserve, saying the actual cost was drastically lower, proposed in December to cut the fee that large banks charge to 12 cents per transaction.

via Debit card fees: Limits on banks’ debit card fees hit a snag – latimes.com.

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