Impact of Durbin Amendment Debit Interchange Fee Cap on E-commerce Debit Transactions

The Durbin Amendment to the Dodd-Frank Financial Reform Bill requires the Federal Reserve to regulate and cap Debit Card Interchange Fees collected by issuing banks with over $10 billion in assets.

On June 29th 2011, the Federal Reserve released its proposed final rule to cap debit card interchange rates at $0.21 + 0.05% plus an additional $0.01 for costs related to fraud prevention, if the issuing bank meets certain standards and practices for preventing fraud. This cap will apply to both Signature and PIN debit transactions, and to both card present and card not present debit transactions. The proposed rule would go into effect in October 2011.

Since e-commerce debit card transactions are card not present, the interchange fee cap will apply to online or e-commece debit card sales.

Burlington Bank Card strives to provide our merchants with secure and reliable interchange plus merchant payment processing, transparent pricing, and one-on-one personal service.

Burlington Bank Card always passes on true Interchange costs to all of our merchants: Pricing & Rates

Please call 1-800-758-1002 or contact us to learn more about Interchange Plus Credit Card Processing, and how Burlington Bank Card can help your business get the full cost savings provided by the Durbin Amendment and Federal Reserve caps on Debit Card Interchange Fees. 

Visa E-Commerce Debit Card Interchange Fees June 2011

Visa E-Commerce Debit Card Interchange Fees June 2011

  • E-Commerce Rate: 1.60% + $0.15
  • Capped Interchange Rate: 0.05% + $0.21
MC E-Commerce Debit Interchange Fees

MC E-Commerce Debit Interchange Fees

  • E-Commerce Rate: 1.15% + $0.15
  • Capped Interchange Rate: 0.05% + $0.21
Discover E-Commerce Debit Interchange Fees

Discover E-Commerce Debit Interchange Fees

  • E-Commerce Rate: 1.62% + $0.16
  • Capped Interchange Rate: 0.05% + $0.21