Debit Cards Overtake Cash as the Most Popular Payment Type
We’ve talked about how you can offset processing fees before here. One of the easiest methods is to tell your guests that you prefer debit cards.* Debit interchange costs from the card brands (Visa/MasterCard/Discover/American Express) are much lower than interchange on credit cards. And ASCENT passes those savings on to you!
But did you know that consumers WANT to pay by debit card? According to DigitalTransactions.net, debit cards have overtaken cash as the most popular payment type. See article here.
So, embrace debit payments and save.
*Merchants that accept Amex are technically prohibited from “steering” consumers to a different payment product, such as debit.