Category: DEBIT CARD
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Mastercard Bans Debit Cards for US Cannabis Shops, How to Comply without Losing Customers
Mastercard recently made a controversial decision that sent shockwaves through the burgeoning cannabis industry. The global financial giant instructed US-based cannabis shops to cease accepting its debit cards, citing federal laws that still classify marijuana as an illegal substance. The crackdown is instilling fear in cannabis merchants across the US. But what does this move…
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Interchange fees could be changing. So, which is better for merchants: debit card or credit card processing?
The fast and easy answer is that debit cards cost less for merchants than credit cards. But that answer doesn’t include card type popularity or preference by consumers. That could be changing too, though, based on support for interchange fee adjustments for debit card use by the Justice Department. Understanding Interchange Fees To understand the importance of the proposed change to interchange fees regarding debit card purchases,…
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