Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
Could somebody explain why the merchants are charged different fees when the customers use credit and debit cards?
Here is my predicament: I am a US citizen, and I have a nephew in Russia, who is not a US citizen, and whom I would like to support financially. I have easily been able to make him an associated user ...
In some countries (for example US, UK), only credit cards have a hefty percentage (usually around 2%) interchange fee, while debit cards have only a small fixed fee for each transaction. But in other ...
Is there a fee if you used your debit card as credit card? I see people recommending to always run debit card transactions as credit. There is a similar question here as well: What does it mean to ...
When I travel abroad (outside the US), it can get pricey to transfer money. I usually withdraw cash using my bank's debit card, but they charge a transaction fee and a percentage fee, I believe. For ...