answersLogoWhite

0

As I understand, their must be a prompt at the begining of the transaction on the interac machine for you to accept the additional charge. A vendor cannot simply add the user fee to the total of the transaction amount.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Finance

Can merchants charge a fee for using a debit card?

No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.


Can someone charge you for using their debit if they give you the pin?

Yes and No. No they can not charge you if they personally gave/told you the debit pin. Yes if you found out the debit pin yourself and even if they know you worked it out they can still charge you. Yours Truly DR Pearce


What are the costs and pitfalls of using a charge card a debit card and a credit card?

credit card: no worries if card is lost all you have to do is annul it. Debit card: you have to be in charge charge card: don't really exist


Can merchants charge a fee for using a credit ca?

The merchant agreements that they have with the credit card companies generally prohibit them from charging extra for the use of the credit card. However, some places offer a "discount" for cash, which works out to essentially the same thing, and while it's becoming less common than it was a few years ago, some merchants do charge a "transaction fee" for using a debit card (they are required to notify you of this; the notification generally takes the form of a sign or sticker on the unit you swipe your card through).


Does it cost money to get a new debit card?

Yes, it may cost money to get a new debit card, depending on the bank or financial institution you are using. Some banks may charge a fee for replacing a lost or damaged debit card.

Related Questions

Can merchants charge a fee for using a debit card?

No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.


Can someone charge you for using their debit if they give you the pin?

Yes and No. No they can not charge you if they personally gave/told you the debit pin. Yes if you found out the debit pin yourself and even if they know you worked it out they can still charge you. Yours Truly DR Pearce


What are the costs and pitfalls of using a charge card a debit card and a credit card?

credit card: no worries if card is lost all you have to do is annul it. Debit card: you have to be in charge charge card: don't really exist


Can merchants charge a fee for using a credit ca?

The merchant agreements that they have with the credit card companies generally prohibit them from charging extra for the use of the credit card. However, some places offer a "discount" for cash, which works out to essentially the same thing, and while it's becoming less common than it was a few years ago, some merchants do charge a "transaction fee" for using a debit card (they are required to notify you of this; the notification generally takes the form of a sign or sticker on the unit you swipe your card through).


Does it cost money to get a new debit card?

Yes, it may cost money to get a new debit card, depending on the bank or financial institution you are using. Some banks may charge a fee for replacing a lost or damaged debit card.


Is it true that retailers can now charge the consumer for using a debit card for purchases without informing the consumer prior to use?

No


When using your debit card how can you avoid the merchant fee of .60 cents Should say credit to avoid the merchants fee.?

Always request credit their is no disadvantage to it and it saves the fee


What are the similarities between credit and debit cards?

Credit and debit cards are both payment methods that allow users to make purchases without using cash. They are both issued by financial institutions, can be used at various merchants, and offer convenience and security for transactions.


What does service change mean when your talking about checking accounts?

Service Charge is a charge or a fee that a bank charges us for the services it provides us. It could a charge for the international debit card they gave us or a charge for using an ATM of another bank which is not the bank that has issued you the ATM card. The bank has the right to debit the money directly from your account (if you have sufficient balance) to pay for the service charges.


What are the similarities between debit and credit cards?

Debit and credit cards are both types of payment cards that allow you to make purchases without using cash. They are issued by banks and can be used at various merchants. Both cards have a card number, expiration date, and security code for transactions.


Can you tip using a debit card at this establishment?

Yes, you can tip using a debit card at this establishment.


What is an American express card a charge card or credit card?

Credit Cards are a type of charge card. American Express is a charge card brand that offers both credit and debit cards. It depends on the account type of the person using it.