32:
344:: For standard payment transactions merchants have to pay interest fees as a percentage of payment value, not as a fixed tax. In opposite, for cashback service the merchant receive the fixed fee from the card issuer (~$ 0.15–0.30), but the one time cashback withdrawal cannot be higher than 300zł (~$ 80). The cashback service is available at ~1/6 of POS in
305:
Cashback can have benefits for the customer in many scenarios. In locations where there are no cash machines nearby, or the nearby machines are out of order or empty, a local retailer may be able to supply the required cash instead and to offer more flexibility in note denominations. Sometimes it is
278:
The combination of these two factors means that the retailer can save money by offering the cashback service. It does not cost the retailer more in commission to add cashback to a debit card purchase, but in the process of giving cashback, the retailer can "offload" cash which they would otherwise
301:
surreptitiously adding cashback amounts to a transaction and keeping the money for themselves (or accusations of same), but more importantly, to ensure that customers cannot return to the store with allegations that the attendant "forgot" to hand over the requested cash.
338:, for instance, usual fees are €4~5 when using an ATM of another bank network than the one of their bank. This gives rise to another potential cashback advantage for the consumer: by making use of the cashback procedure, this ATM fee can be avoided for the cardholder.
158:
along with the purchase. For example, a customer purchasing $ 18.99 worth of goods at a supermarket might ask for twenty dollars cashback. The customer would approve a debit payment of $ 38.99 to the store, and the cashier would then give the customer $ 20 in cash.
174:. By providing an outlet for the cash that a store takes in, it reduces the store's need to deposit excess cash to a bank at the close of business. Many customers find it a useful way to obtain cash as it avoids them having to use a
273:
Accepting payments in cash can be costly for merchants, given that many
British banks charge around 0.5% for depositing cash into a business bank account, along with the costs of transporting and insuring the
325:, fees of $ 1~5 are typical when using an ATM from a different bank than the one with which the customer has an account, from both the bank and the ATM owner. According to an October 2019
287:
The services are restricted to debit cards where the merchant pays a fixed fee for the transaction, it is not offered on payments by most credit cards because they would pay a
297:
In many cases, retailers require customers to initial the cashback entry on the till receipt to confirm they have received the cash. This system is used to prevent
262:
fee (as opposed to a percentage) to their bank or merchant service provider. (This is because the commission paid by the merchant for accepting debit cards, unlike
331:
article, "the average total cost for an ATM withdrawal still hit a record $ 4.72, up 3.3% over the past three years and 33% the past decade" in the United States.
434:
476:
49:
497:
115:
96:
306:
simply more convenient to combine the transactions at the retailer and ATM into a single cashback transaction with the retailer.
68:
53:
377:
began to charge customers fees, ranging from $ 0.50 to $ 3.50, for the convenience of receiving cash back at the register.
75:
536:
359:
355:
223:
82:
354:: Free cash withdrawal in major supermarket chains and convenient stores across Hong Kong when purchasing with an
42:
419:
259:
20:
64:
546:
175:
481:
294:
Some vendors enforce a minimum purchase amount or add a fixed fee when providing cashback to a customer.
541:
267:
219:
89:
455:
171:
314:
310:
207:
195:
456:"If you want cash back at Dillons grocery stores in Wichita, you'll have to pay a fee"
530:
460:
366:
322:
291:
commission on the additional cash amount to their bank or merchant service provider.
199:
150:
whereby an amount is added to the total purchase price of a transaction paid by
263:
247:
215:
140:
31:
288:
167:
151:
439:
435:"ATM fees reach a record average of $ 4.72 per withdrawal, with more coming"
351:
327:
211:
163:
136:
19:
This article is about debit card cashback. For other forms of cashback, see
516:
191:
147:
394:
420:"Discover Cash at Checkout - Get Cash at Checkout | Discover Card"
370:
335:
298:
231:
227:
162:
Debit card cashback is available through common payment networks like
374:
345:
341:
318:
243:
239:
235:
203:
144:
251:
498:"Kroger to make customers pay for cash-back debit card payments"
187:
155:
358:
supported card, issued by most banks in Hong Kong through the
25:
258:
When accepting payment by debit card, merchants pay a fixed
365:
In 2019, some supermarkets in the United States, such as
477:"Kroger is now charging a fee for cash back at checkout"
517:"Kroger Cashback on Discover Credit Card Transactions"
334:
The fees in some other countries are even higher. In
254:
because of the fee structures in use in those areas:
317:, this is not the case in some other countries. In
56:. Unsourced material may be challenged and removed.
8:
16:Cash withdrawal service offered by retailer
154:and the customer receives that amount in
116:Learn how and when to remove this message
386:
313:are very rare in countries such as the
7:
279:have to pay to deposit at the bank.
54:adding citations to reliable sources
178:, which may incur additional fees.
496:Anderson, George (July 31, 2019).
475:Brookbank, Sarah (July 30, 2019).
433:Davidson, Paul (October 2, 2019).
14:
30:
186:The service is offered by both
41:needs additional citations for
283:Fees, operation and advantages
1:
454:Tidd, Jason (March 4, 2019).
311:fees for debit card ATM usage
515:D, Jackie (July 30, 2021).
563:
143:) is a service offered to
18:
360:Electronic Payment System
21:Cashback (disambiguation)
266:, does not need to fund
482:The Cincinnati Enquirer
309:Additionally, although
194:in places such as the
270:or other incentives).
65:"Debit card cashback"
399:CreditCardCasinos.ca
268:interest free credit
50:improve this article
537:Cashback and rebate
129:Debit card cashback
126:
125:
118:
100:
554:
521:
520:
512:
506:
505:
493:
487:
486:
472:
466:
465:
451:
445:
444:
430:
424:
423:
416:
410:
409:
407:
405:
391:
172:American Express
121:
114:
110:
107:
101:
99:
58:
34:
26:
562:
561:
557:
556:
555:
553:
552:
551:
547:Payment systems
527:
526:
525:
524:
514:
513:
509:
495:
494:
490:
474:
473:
469:
453:
452:
448:
432:
431:
427:
418:
417:
413:
403:
401:
395:"Rewards cards"
393:
392:
388:
383:
285:
184:
131:(also known as
122:
111:
105:
102:
59:
57:
47:
35:
24:
17:
12:
11:
5:
560:
558:
550:
549:
544:
539:
529:
528:
523:
522:
507:
488:
467:
446:
425:
411:
385:
384:
382:
379:
284:
281:
276:
275:
271:
208:United Kingdom
196:Czech Republic
183:
180:
124:
123:
38:
36:
29:
15:
13:
10:
9:
6:
4:
3:
2:
559:
548:
545:
543:
540:
538:
535:
534:
532:
518:
511:
508:
503:
499:
492:
489:
484:
483:
478:
471:
468:
463:
462:
461:Wichita Eagle
457:
450:
447:
442:
441:
436:
429:
426:
421:
415:
412:
400:
396:
390:
387:
380:
378:
376:
372:
368:
367:Harris Teeter
363:
361:
357:
353:
349:
347:
343:
339:
337:
332:
330:
329:
324:
323:United States
320:
316:
312:
307:
303:
300:
295:
292:
290:
282:
280:
272:
269:
265:
261:
257:
256:
255:
253:
249:
245:
241:
237:
233:
229:
225:
221:
217:
213:
209:
205:
201:
200:United States
197:
193:
189:
181:
179:
177:
173:
169:
165:
160:
157:
153:
149:
146:
142:
138:
134:
130:
120:
117:
109:
98:
95:
91:
88:
84:
81:
77:
74:
70:
67: –
66:
62:
61:Find sources:
55:
51:
45:
44:
39:This article
37:
33:
28:
27:
22:
510:
501:
491:
480:
470:
459:
449:
438:
428:
414:
402:. Retrieved
398:
389:
364:
350:
340:
333:
326:
308:
304:
296:
293:
286:
277:
264:credit cards
185:
176:cash machine
161:
132:
128:
127:
112:
106:January 2021
103:
93:
86:
79:
72:
60:
48:Please help
43:verification
40:
542:Debit cards
248:Netherlands
216:New Zealand
141:New Zealand
531:Categories
502:RetailWire
381:References
289:percentage
260:commission
168:Mastercard
152:debit card
76:newspapers
440:USA Today
404:19 August
352:Hong Kong
328:USA Today
224:Hong Kong
212:Australia
192:merchants
148:customers
137:Australia
348:(2014).
321:and the
299:cashiers
182:Coverage
133:cash out
371:Dillons
336:Germany
232:Germany
228:Belgium
220:Ireland
90:scholar
375:Kroger
373:, and
346:Poland
342:Poland
319:Canada
250:, and
246:, the
244:Poland
240:Norway
236:Sweden
204:Canada
145:retail
92:
85:
78:
71:
63:
274:cash.
252:Spain
188:banks
97:JSTOR
83:books
406:2024
190:and
164:VISA
156:cash
139:and
69:news
356:EPS
135:in
52:by
533::
500:.
479:.
458:.
437:.
397:.
369:,
362:.
315:UK
242:,
238:,
234:,
230:,
226:,
222:,
218:,
214:,
210:,
206:,
202:,
198:,
170:,
166:,
519:.
504:.
485:.
464:.
443:.
422:.
408:.
119:)
113:(
108:)
104:(
94:·
87:·
80:·
73:·
46:.
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
