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True, that does amount to largely the same thing. Legolas Send a noteboard - 20/12/2010 07:12:27 PM
I wonder if/how they factor in when US consumers use their debit card but elect to use it as a credit card (meaning the purchase is still being deducted from existing funds in your bank account, it's just being run in the credit system instead of the debit system). I always do, and I know a lot of other people who do too...

I'm guessing you meant to say "use their credit card but elect to use it as a debit card"? Otherwise I'm not sure what you mean. :P And no, I don't think they do factor it in, for statistics like those.

It's interesting though, how large differences between countries can be in terms of which banking products and services are used. For instance, in Belgium, checks are hardly ever used, compared to the US, but that isn't by any means a European thing, as the French for instance use them all the time as well. And while it's rather self-evident to most people here to pay things like rent and other non-varying recurring bills through automated monthly bank transfers, in other countries that's rarely done.
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Fed Proposes 12-Cent Max Fee On Merchant Debit Fees Roland00 - 17/12/2010 06:00:35 PM 718 Views
I'm a little iffy on this Isaac - 17/12/2010 09:08:56 PM 419 Views
Whether due to perception or reality, merchants need this. Joel - 17/12/2010 09:22:09 PM 618 Views
It may hurt consumers, it will hurt the banks Roland00 - 18/12/2010 06:03:40 AM 471 Views
I'd like to use credit cards more without feeling guilty that it's costing the business money. *NM* Aeryn - 20/12/2010 03:26:04 PM 196 Views
ok i see now it doesn't apply to credit cards *NM* Aeryn - 20/12/2010 04:11:59 PM 213 Views
Credit Cards have their own interchange fees Roland00 - 20/12/2010 06:55:33 PM 489 Views
I'm so glad Visa and Mastercard are so worried about consumers, especially given THEIR tight budgets Joel - 17/12/2010 09:14:53 PM 579 Views
You do know Barney Frank (Democrat and major liberal and progressive) is against the change Roland00 - 18/12/2010 06:18:37 AM 538 Views
I didn't; guess that just means he's wrong. I fail to see how opposing this is progressive at all. Joel - 18/12/2010 12:49:36 PM 446 Views
It has nothing to do with being progressive, it has everything to do with his banker constituents. *NM* Macharius - 20/12/2010 01:30:04 PM 185 Views
I figured, but, as you say, nothing progressive in that. Joel - 20/12/2010 02:44:47 PM 433 Views
I am just pointing out that Evil is not unique to a single political party Roland00 - 20/12/2010 06:56:29 PM 481 Views
It wouldn't be nearly as effective it it were; it's quite systemic, for a reason. Joel - 20/12/2010 07:46:29 PM 475 Views
Sounds good to me, but it does seem like a natural monopoly, so that competition idea... eh. Legolas - 17/12/2010 09:37:20 PM 479 Views
Curious. Sareitha Sedai - 20/12/2010 07:02:05 PM 449 Views
True, that does amount to largely the same thing. Legolas - 20/12/2010 07:12:27 PM 574 Views
I don't think so? Sareitha Sedai - 20/12/2010 07:21:32 PM 485 Views
Re: I don't think so? Legolas - 20/12/2010 08:00:35 PM 476 Views
Well Sareitha Sedai - 20/12/2010 08:06:49 PM 503 Views
Re: Fed Proposes 12-Cent Max Fee On Merchant Debit Fees BlackAdder - 18/12/2010 07:36:41 AM 640 Views
I am not sure what the proper amount should be but there does need to be limits random thoughts - 20/12/2010 11:10:18 PM 581 Views
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