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ACTA warns travel agencies and other small businesses may be creamed by higher credit card merchant fees

Date Wednesday, March 18, 2009
Name Greg Rozelle
Company NA
Position NA
Comments I am from the U.S.

We have different type of debit cards.
The debit card we have here can work at least two ways Pin transaction that goes over the atm network (Star, Nyce, Maestro, Visa interlink, Plus, etc)
Signature transactions that goes over the Mastercard or Visa credit card network.
Both methods come out of your checking account.

Debit Pin transactions in most cases are cheaper for merchants than debit signature transactions. A few merchants and a few banks charge pin transactions fee but most do not.

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