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How the customer settles with the card issuer is not really relevant here. Many US card transactions draw from a checking account instead of a line of credit, but from the merchant's perspective it is just like any other Visa or Mastercard.





The fees for debit transactions are much lower, though.

I know this is the case when actually doing a PIN debit transaction (e.g. not Visa or Mastercard), but do you have a source on Visa/MC debit transactions costing less? Neither Stripe [0] nor Paypal [1] mention that.

[0] https://stripe.com/pricing#pricing-details

[1] https://www.paypal.com/us/webapps/mpp/merchant-fees


Stripe and PayPal aren't charging you on behalf of the credit card companies--they're making money off the transactions themselves. They're not going to charge you less for processing a debit card payment any more than they'll charge less for cheaper credit cards (using Visa instead of AmEx). Besides debit and credit transactions, there's also atm/direct transactions that cost even less (and likely have no fraud protection from your bank; the links I have posted below don't say much about this as it's not used often). Credit cards are also allowed to charge extra (though merchants rarely do around here, except at gas stations), but my understanding is that that's illegal with debit cards.

See here for info: https://www.fool.com/the-ascent/research/average-credit-card...

https://www.thebalance.com/debit-or-credit-315293

https://pocketsense.com/pinless-debit-card-rules-9651.html

https://consumer.sd.gov/fastfacts/credit.aspx


> I know this is the case when actually doing a PIN debit transaction (e.g. not Visa or Mastercard), but do you have a source on Visa/MC debit transactions costing less?

PIN/contactless debit transactions go through VISA/MC here and they definitely cost less, see below.

However, not 100% sure about remote online/web transactions - most of those providers here are "contact for pricing", but e.g. BlueCommerce and Checkout.fi seem to have a single rate for card payments - though it could be the difference is just "averaged out" (like e.g. iZettle does for card-present EMV transactions: 1.95% for all cards).

Couldn't find an up-to-date English price list for Nets Finland, but here is a 2017 one in Finnish: https://ttlsystems.fi/wp-content/uploads/2017/10/SME_Hinnast...

Base rates: VISA Debit 0.41%, VISA Credit 0.91%, MC Debit 0.42%, MC Credit 0.92%. Additionally +0.04€ per transaction.

Remote transaction: +0.30%, foreign EU +0.10%, foreign non-EU +1.30%, corporate card +0.80%.

SumUp Finland: https://sumup.fi/maksupaate-hinta/

0.95% VISA/MC Debit, 2.75% credit cards.




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