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What Does 6-tier Pricing Mean?

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What Does 6-tier Pricing Mean?

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The 6-tier pricing came about due to not only a Wal-Mart lawsuit but also to compete with the debit cards that are PIN based, which for your information are not processed in the networks of MasterCard and Visa, both of which happened to have reduced the interchange rates charged for debit cards to a rate much lower than that of credit cards.

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