Banks preparing to charge for debit card usage

[Chico23231]

Originally Posted by Alvin Walton

This will piss me off it it hits my bank. We use a debit card almost every day.

Yeah, I wonder how visa and mastercard will react...i suspect they will lower merchant service fee. People never carry cash anymore...i know i dont.

Interesting fact, people tend to purchase more when paying with debit cards vs cash. So if more people go back to using cash to avoid the fee, could hurt the economy indirectly being consumption based.