Pay Mortgage by Credit Card?

[marmac]

Originally Posted by acegolfer

AFAIK, a bank issued debit card can be used as either debit card or credit card at groceries and gas stations.

If you use it as debit card, the merchant pays fees to the bank. If you use it as credit card, the merchant pays to Visa/Master card. (That's why your bank insists on using it as debit card.)

--the merchant pays fees to the bank-

----the merchant pays to Visa/Master card---

Guess thats why a few convenience stores near me give a 5 cents a gallon discount for gas paid with cash or local check.

They state they might as well give the fee payment to the customer via lower price.

I appreciate that.

[darstar]

Originally Posted by acegolfer

AFAIK, a bank issued debit card can be used as either debit card or credit card at groceries and gas stations.

If you use it as debit card, the merchant pays fees to the bank. If you use it as credit card, the merchant pays to Visa/Master card. (That's why your bank insists on using it as debit card.)

Strange...When I buy fuel at the local truck stop...they never ask debit or credit...just run it through,thats it. when you go to a big box store...they want everything, drivers lisence, picture ID, codes on the card, thats if I say the word " credit".

[Dub D]

I just really really really hate writing checks. Just about all my payments are done online so I was curious. I pretty much flat out hate using stamps so I venture down to the bank to avoid postage. My loan is with BofA and my banking is with Chase. They don't allow any online payments unless you have a BofA account, bastards. My loan was sold to BoofA after the transaction, zero control over that...