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Originally Posted by Superman
Hm. Good information, Rob.
I the olden days, they used to disallow mergers which effectively create monopolies or at least limit competition.
My card is "debit," though it can be used as a credit card. There is no fee to anyone using debit, right? Perhaps I can use it as debit, but PayPal would need to draw from it as credit, incurring the fee? The "password" they are looking for.....perhaps that is my debit PIN#? I thought they were asking for the password I use to access and manage my accounts online.
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It is a debit card to you and to MC/Visa (which comes with lower transaction costs) only when you use your PIN number. If all you’re giving them is a CC#, expiration and CVV with no PIN, MC/Visa bill them as if it’s a credit card with the corresponding higher transaction fees.