http://disqus.com/by/michaelstone/enSat, 08 Aug 2009 16:29:58 -0000http://merchantservices.cc/news/debit-card-swipe-or-key/#comment-14498002<p>Jon, <br>Unfortunately, the answer is not quite that simple. The fact is, for most small business owners with less than a $30 average transaction the 1.03% is less expensive than the fees paid to the Debit Networks. Many small business owners have no idea they are paying as much as $0.90 per debit transaction. If your average ticket is $10.00 that amounts to 9% where as the 1.03% would have been about $0.25 total.</p><p>The other thing most small business owners don't know is that those pinpads are not upgradeable. If they are more than a few years old is about 100% likely that the transactions are no longer secure under the current PCI recommendations.</p><p>As far as safety, if it is your card, and you are swiping it, there's not much risk that it's someone else. There is in fact more risk that some scammer is looking over your shoulder to steal your pin.</p><p>In my opinion, unless you are making a purchase over $60 everyine wins when the transaction is run as Credit.</p><p></p>michaelstoneSat, 08 Aug 2009 16:29:58 -0000