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Tag: debit card fees
Retailers Lose In Latest Debit Card Swipe Fee Ruling
On March 21 the US Appeals Court for the District of Columbia overturned a lower court’s July decision that ordered the Federal Reserve to recalculate and lower its 21-cent per transaction cap on the fees charged for processing a debit card payment. Retailers cheered that decision and expressed optimism that the so-called debit card swipe fee would be reduced to as low as 12 cents. This latest ruling means that the swipe fee cap will remain at 21 cents per transaction.
Prepaid Debit Card Fees Lower Than Checking Account Charges
A recent report by Bretton Woods, Inc. shows that most consumers using prepaid debit cards to manage finances do so for less than $7.50 per month. by Chris Warren It has long been an assumption that users of prepaid debit cards turn to them as something of a last resort. But a recent report entitled,… Continue reading Prepaid Debit Card Fees Lower Than Checking Account Charges
The Occupy Card Moves Ahead
The Occupy Money Cooperative needs to raise $900,000 to make its card a reality. by Chris Warren The Occupy Wall Street Movement’s first steps into the financial services industry have not been particularly smooth. The announcement this past summer that the Occupy Money Cooperative, an offshoot of the anti-status quo coalition that grabbed the world’s… Continue reading The Occupy Card Moves Ahead
A True Wall Street Occupation?
How the Occupy Card Doesn’t Live up to its Promise by Shane Tripcony The terms and conditions of credit, debit and prepaid cards are not what anyone would call scintillating reading. Layered with legalese and hard to decipher jargon, these documents have traditionally (and understandably) been ignored by consumers. Which is too bad because… Continue reading A True Wall Street Occupation?
Nine Tips for Avoiding Fees on Prepaid Cards
Fees are inevitable with prepaid debit cards. But there’s much you can do to keep them low. By Lucy Lazarony To get the most value out of a prepaid debit card, you’ll want to avoid and minimize all the fees that you possibly can. “You want to understand the fee structure of the card,” says… Continue reading Nine Tips for Avoiding Fees on Prepaid Cards