Fed Caps Debit Card Fees for Merchants – NYTimes.com #swipefees


The new fee schedule includes three parts: a maximum interchange fee of 21 cents; a 1 cent addition that is allowed if the bank issuing the debit card develops a fraud-prevention program; and a variable charge of 5 basis points, or five one-hundredths of a percentage point, of the value of the transaction to recover a portion of fraud losses

via Fed Caps Debit Card Fees for Merchants – NYTimes.com.

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