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seen Jul 5 at 10:20

Jun
5
awarded  Critic
Jun
5
comment What's the difference when asked for “debit or credit” by a store when using credit and debit cards?
I agree that it depends a lot on the provider, but based on the assumption of a 3% charge on credit transactions, and a 30 cent charge on debit transactions (none on credit), the threshold where debit becomes cheaper is 10 dollars, right?
Jun
5
comment What's the difference when asked for “debit or credit” by a store when using credit and debit cards?
@littleadv I've been having a hard time finding hard numbers on this one. From what I understand there can be a baseline fee for both credit and debit transactions, and credit always charges a flat fraction of the transaction.
Jun
5
awarded  Teacher
Jun
5
answered What's the difference when asked for “debit or credit” by a store when using credit and debit cards?
Jun
5
comment What's the difference when asked for “debit or credit” by a store when using credit and debit cards?
I worry that the Merchants will probably prefer credit... bit is a guess at best, and likely wrong: credit companies often charge merchants up to 3% of every transaction, I image real money for them would trump the conveniences you list.
Jun
3
awarded  Citizen Patrol
Sep
17
awarded  Notable Question
Sep
4
awarded  Nice Question
May
13
awarded  Popular Question
Oct
7
awarded  Supporter
Sep
9
awarded  Editor
Sep
9
revised How can I avoid international wire fees or currency transfer fees?
minor things
Sep
8
awarded  Student
Sep
7
asked How can I avoid international wire fees or currency transfer fees?