debit cards are/where a convenient replacement for checks

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Post #385,335 by boxley 1/15/14 8:04:46 PM Reply	debit cards are/where a convenient replacement for checks not a substitute credit card. For a small fee a merchant doesnt need to wait for a check to clear or hope that the check writer was indeed the owner of the checking account. Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 58 years. meep
Post #385,340 by Ashton 1/15/14 9:41:07 PM Reply	Thanks.. that one makes sense. But if there's still a fee wouldn't the CC do as well (from card-holder POV?) Maybe a debit-card vigorish is cheaper to merchant; wonder how it's going re pricing out-front an %extra for any CC purchase. See, this still suggests that such a one may not have/may not be able to get/may not want to pay a larger fee for a regular bank account.
Post #385,344 by drook 1/15/14 9:48:44 PM Reply	Still assuming you'll pay off the CC every month Debit cards typically have no fee when you use them. CC will have interest charges. So in theory the debit is cheaper to the user. -- Drew
Post #385,348 by Ashton 1/15/14 10:24:32 PM Reply	Yes, see above.
Post #385,371 by boxley 1/16/14 9:50:37 AM Reply	up to about $15 dollars the vig is cheaper for a credirt car above that the vendor prefers using a debit. Each handling company has slightly different rates. Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 58 years. meep

great observation about bank charges - (boxley) - (16) - Jan. 15, 2014, 01:18:31 PM EST

It's about prividing fair value - (drook) - (14) - Jan. 15, 2014, 02:01:57 PM EST

It has never.. Made Sense to me! - (Ashton) - (13) - Jan. 15, 2014, 06:34:25 PM EST

Debit card != prepaid cc - (drook) - (7) - Jan. 15, 2014, 07:06:28 PM EST

The big problem with debit is . . . - (Andrew Grygus) - (2) - Jan. 15, 2014, 08:59:38 PM EST

also - (crazy) - Jan. 16, 2014, 09:07:49 AM EST

Synchronicity - (drook) - Jan. 16, 2014, 02:54:15 PM EST

Yes, I forget that few do (pay-off monthly) - (Ashton) - Jan. 15, 2014, 10:07:14 PM EST

Credit card=Debit card you don't pay immediately, so why not "Debit card=(OK,~)prepaid credit card"? - (CRConrad) - (2) - Dec. 10, 2014, 10:26:38 AM EST

in amerika banks are happy to let you buy a $5 item with no funds on your debit card - (boxley) - Dec. 10, 2014, 11:01:26 AM EST

Another wrinkle are pre-paid debit cards. They're trying to weaken Dodd-Frank too. - (Another Scott) - Dec. 10, 2014, 07:38:34 PM EST

debit cards are/where a convenient replacement for checks - (boxley) - (4) - Jan. 15, 2014, 08:04:46 PM EST

Thanks.. that one makes sense. But if there's still a fee - (Ashton) - (3) - Jan. 15, 2014, 09:41:07 PM EST

Still assuming you'll pay off the CC every month - (drook) - (1) - Jan. 15, 2014, 09:48:44 PM EST

Yes, see above. -NT - (Ashton) - Jan. 15, 2014, 10:24:32 PM EST

up to about $15 dollars the vig is cheaper for a credirt car - (boxley) - Jan. 16, 2014, 09:50:37 AM EST

I can get a Starbucks coffee for quite a lot less than that. - (static) - Jan. 16, 2014, 05:28:34 AM EST

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