Comment on Why Killing Cash is Key to MasterCard’s Competitive StrategyparentComments−xxs12yIn Europe bank card retail purchases and most debit card withdrawals (some exceptions) are free.−spurgu12yFree for the end consumer yes, but the retailer probably pays some kind of fee?−xxs12yYes, flat monthly fee.−brazzy12yNope. At least in Germany, it's 0.3% and a minimum of 8 cents per transaction, plus the monthly infrastructure fee.−raverbashing12yThis is for EC?−needusername12yI believe the new credit interchange for EU is similar.−brazzy12yYes−ksec12yWow, could you share what sort of price range is that? I never knew the debit cards transaction were free payment process.−msh12yIn Denmark the charge for a debit card is 0.20 usd plus 0,1% of the transaction for purchases above approximately 18 usd.It's is a smaller fixed amount for smaller purchases.
Comments
In Europe bank card retail purchases and most debit card withdrawals (some exceptions) are free.
Free for the end consumer yes, but the retailer probably pays some kind of fee?
Yes, flat monthly fee.
Nope. At least in Germany, it's 0.3% and a minimum of 8 cents per transaction, plus the monthly infrastructure fee.
This is for EC?
I believe the new credit interchange for EU is similar.
Yes
Wow, could you share what sort of price range is that? I never knew the debit cards transaction were free payment process.
In Denmark the charge for a debit card is 0.20 usd plus 0,1% of the transaction for purchases above approximately 18 usd.
It's is a smaller fixed amount for smaller purchases.