Debit Fees Aren’t Much Lower, Retailers Say

What's Next In Payments®
4:14 PM EDT April 3rd, 2012

Few retailers have yet benefitted from regulatory changes aimed at reducing debit fees, a new survey shows.

In fact, the proportion of respondents who said fees have gone up (17.7 percent) is larger than the group who say fees have gone down in the past year (14.6 percent), according to Internet Retailer, which conducted the survey. Most respondents — 67.7 percent — report that fees are unchanged, says Internet Retailer.

The online magazine reached out to Forrester Research senior analyst Denée Carrington, who said he was surprised by the findings. “I would have expected Internet retailers to have appreciated a benefit from the rate reduction,” Carrington told the group.

Delays in realized savings could be caused by the fact that most retailers have yet to negotiate new deals following the passage of new laws, the magazine allows.

Credit cards remain by far the most popular option for online shopping, with nearly half of all respondents attributing more than 90 percent of all sales to credit card transactions.

Read the full story online.

Comments
Also by This Author
What's Hot
News
As The Fed Works To Improve B2B Payments, Payments Industry In Position To Help
B2B Payments
Former Aeropostale VP Gets Jail Time For Business Fraud
International
Japanese Auto Parts Makers Face $202M Antitrust Fines
Alternative Financial Services
Payment Firm Partners With Lender To Power SME Financing
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
As The Fed Works To Improve B2B Payments, Payments Industry In Position To Help
B2B Payments
Former Aeropostale VP Gets Jail Time For Business Fraud
News
The Fate Of the U.S. Export-Import Bank Uncertain When Congress Returns From Recess
Alternative Financial Services
Payment Firm Partners With Lender To Power SME Financing
View All Articles ››