Looking at the menu of a restaurant.
All credit card transactions incur a processing fee of 1.0% |
All debit cards incur a processing fee of 0.5% |
All EFTPOS no charge |
‘Tap and Go’ incurs debit/credit card fee
How do they know what type of card you use (especially if you tap it).
Also, how does it work when most cards have EFTPOS on them.
I have a debit card (specifically linked to a transaction account, no credit line) and it has 'debit' printed on it but I can still 'tap and pay'. Does this mean I get the 'debit' surcharge?
Also, I thought that 'Tap and Pay' was by default counted as Credit (even if you have no credit line).