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Personal Finance and Investing

Lifeafter70

(482 posts)

4. I don't think there is a difference

Reply to question everything (Original post)

Mon Mar 17, 2025, 01:13 AM

Mar 17

There is a "point of sale fee" no matter what card you used. Some merchants charge a fee whether it's credit or debit. Arco charges 35 cents.

Years ago a lot of businesses didn't take American Express because their fees were much higher than other credit cards.

edt: debits pay the merchant instantly. A credit card could be a couple of days. Also it's easier to dispute a charge on a credit card. Which I have had to do a few times.

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From the point of view of the merchant: would they rather the customer use a debit or a credit card? [View all] question everything Mar 17 OP

I think debit cards have no merchant fee versus credit cards charge merchant (3 percent?) Bernardo de La Paz Mar 17 #1

I've been charged fees... 2naSalit Mar 17 #7

I actually don't know about US but in Canada credit cards have a percentage fee of the amount whereas debit cards have Bev54 Mar 17 #2

Debit is cheaper mahina Mar 17 #3

Thanks. We were persuaded by the bank that credit card is safer even though I mostly question everything Mar 17 #5

Some cards (like mine) allow you to use points for paying off the card. . . . . nt Bernardo de La Paz Mar 17 #8

I don't think there is a difference Lifeafter70 Mar 17 #4

Debit, cheaper and harder to dispute. marble falls Mar 17 #6

Don't forget that when you use a Credit Card, you're using THEIR money. A HERETIC I AM Mar 17 #9