Don’t the guys behind the counter know anything?
We were just in Brooklyn Industries clothing shop. Though we don’t really care for their “near-hip” apparel, our girlfriend bought a skirt.
The cashier asked “debit or credit?” We then got into a little discussion about the difference between debit and credit.
Counter lad said that credit is cheaper than debit for the customer as merchants will sometimes require a transaction fee just like an ATM.
He added that he learned this because he was watching a consumer news bit on TV.
Being the consumer nimnoork we are, we said a further distinction between credit and debit was that debit card purchases were insured up to $50. We also mentioned the power of chargebacks.
He was like, “Oh, I didn’t know that. Learn something new every day.”
We just thought it was a little silly. The cashier only knew anything because he happened to catch a TV program.
As a consumer, make sure you know the difference. The guy manning the card swiper may not have a clue.
(He did hand us an online coupon. Enter code: Watertower06 to save 10% at Brooklyn Industries store)