Comments on: Reward card interchange for debit

By: horatio

horatio — Wed, 28 Nov 2007 19:13:48 +0000

People more likely to have credit card then debit card. I agree debit card was an good idea to people who get blacklisted using credit card. But still remain same if doesn’t aggressively educate young people to use this. If im the banker manager, I will promote this card to youngster start 15 years old.

my 2 cent..

By: Melvin Pritchett

Melvin Pritchett — Tue, 20 Nov 2007 03:55:21 +0000

I definitely agree with you…

I think this new debit card is a great idea but it will definitely increase processing fees for merchants. Customers don’t know about processing fees and could care less. They only think about the rewards they are receiving.

Thanks for the valuable information.

By: Will Black

Will Black — Wed, 14 Nov 2007 20:14:50 +0000

How true this is…

The worst part to me with rewards cards has always been that the merchant carries the weight of it. If I have a Delta Sky Miles Card and go buy a pair of jeans at Old Navy, what happens? I get the jeans and the sky miles, Delta gets the glory, and Old Navy foots the bill. Which of course means that the cost of the jeans start going up to match the rate.

Thank you for such a competent blog on the matter. I had started a blog on Merchant accounts called “Your Merchant Account Blog”, but I am so happy to see ‘The Merchant Account Blog’ out there really getting the information out.