How do the costs for processing echecks compare with credit card processing?Is there a dollar limit on ATM withdrawals?
Electronic checks save merchants 50-90% over credit card transactions. Most businesses pay a low flat-rate per transaction for electronic checks. Credit cards charge a discount rate plus a transaction fee.The Cardholder Agreement specifically states that for security purposes, there are limitations on the use of your Card to obtain cash at an ATM or from a bank. You may withdraw no more than $500 per day. In addition, the ATM operator or network may impose additional limitations on ATM transactions.
