Debit Card Limits

[Alex]

Originally Posted by BarTopDancer

but they can charge for debit?

Yes. The state legislature passed a bill a couple years ago that would have barred it for credit cards as well but Schwarzenegger vetoed it. So far as know it did not come up again because the federal cap will most likely avoid the issue.

Schwarzenegger's stated logic was the eliminating the fee would simply transfer payment of the interchange fee from consumers who used a card thus causing the fee to spreading it among all consumers so those who used cash would be subsidizing those who don't.