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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. If a customer uses a chip and PIN debit card, it may be less expensive than if they use a chip and signature card. In some cases, it’s less expensive for a merchant to accept PIN debit cards than signature debit cards.

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How Much Are Debit Card Processing Fees

Payment Savvy

Since PIN debit transactions are processed directly through debit networks (Interlink or Maestro, for example), they generally incur lower fees compared to signature debit transactions. These companies set interchange fees and assessment fees, which are charges for using their payment network.