Cut Your Debit Card Fees in Half

From the New York Times: Fed Halves Debit Card Bank Fees

WASHINGTON – Fees paid by retailers to banks for debit card purchases will be cut in half after the Federal Reserve voted Wednesday, June 28th to cap the charges. The new rules will go into effect on October 1st.

Who’s going to get this money – YOU, or your current processor?

Congress has recently passed the Durbin Amendment, which is a landmark decision. This is the first time we have ever seen this large of a reduction in credit card processing costs. These new mandated lower costs are effective for 50-70% of the cards you accept.

Royal Pacific is offering an exclusive program to lock in your savings from this new law now.

Service Guarantee: If you are not completely satisfied, there’s no risk or obligation. You can cancel your service, at any time, with no penalty or termination fee.

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Category Article is ANNOUNCEMENT.

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