Comments on: The Way You Swipe Your Credit Card Comes With A Cost, At Least As Per VISA!

By: Ivanovic

Ivanovic — Fri, 12 Mar 2010 03:41:47 +0000

This may be loss for banks. there is no interest to be paid on debit cards as its your own money. So how come banks and credit companies earn business?

By: Harold

Harold — Fri, 12 Mar 2010 03:39:05 +0000

Credit card companies are the smartest. They please the king so that whole kingdom can be happy.

By: Gabriel

Gabriel — Fri, 12 Mar 2010 03:37:28 +0000

There are many retailers who asks for signature. If they have to pay double the amount, why will they take signature? No one is meant to make losses.

By: Francis

Francis — Fri, 12 Mar 2010 03:35:41 +0000

I have always thought that people put pin because of security reasons but today I came to know that retailers have to pay more for signing.

By: Eragon

Eragon — Fri, 12 Mar 2010 03:33:36 +0000

This is quite informative article. People like me comes to know how the banks and credit cards make business out of swiping.

By: Drek

Drek — Fri, 12 Mar 2010 03:32:25 +0000

No one can ever understand finance field. It changes according to the requisites of the public.

By: Laptop Briefcases

Laptop Briefcases — Mon, 01 Mar 2010 23:33:14 +0000

That is surprising that merchants pay a higher fee for signature transactions versus pin transactions. I assume we will see a lot more merchants asking for a pin number soon. With the new credit card rules, this is likely just one of many changes coming.