undefined | Better HN

0 pointskhuey3y ago0 comments

Debit card fees in the US have been capped at $0.22 + 0.05% for more than a decade.

0 comments

Only for large banks. Search “ durbin exempt interchange”.

khueyOP3y ago

Last I looked at the numbers most transactions were covered by the Durbin Amendment. Interchange fees for exempt single message (PIN) transactions had also fallen to basically the cap. It was really only exempt double message (signature) transactions that were still expensive.

dagw3y ago

Which is still over 1% for purchase under $20

mardifoufs3y ago

But still less than the EU's 0.2% cap for any serious purchase. (Over ~120$, so I'm sure it evens out)

woobar3y ago

Why do merchants in Germany have minimum transaction amounts for card purchases then?

j / k navigate · click thread line to collapse