Debit Card

It is a means of payment, a way to pay for products and services. The debit card is linked to a bank account. One of its main characteristics is that, at the time of payment, the amount is automatically debited from the related account.

In addition, it allows you to carry out other operations through ATMs such as checking balances, making transfers, withdrawing cash, making payment for services, loading balance to the SUBE card. All businesses, companies, professionals, monotributistas that carry out transactions with end consumers must accept payment by debit card, (unless they allow payment to be made through the use of QR codes). Only premises whose activity is carried out in localities with less than a thousand inhabitants or when the operations do not exceed the value of one hundred pesos are exempt. (Decree 933/18 / Law No. 27,253).

Payment by debit card must not have an additional amount or surcharge.

Learn More | See answers to frequently asked questions about debit cards.

Interchange fee caps

Although the maximum fees for debit and credit card payments are set out in the Credit Card Act, the Central Bank regulates the interchange fee for these payments, i.e. the fraction of the fee allocated to the issuer of each card.

By establishing a cap on the interchange rate below the tariff cap established in the law, the Central Bank allows a fraction of the tariff to be allocated to the acquiring industry, which is responsible for adhering to merchants so that they can receive card payments.

In this way, it promotes greater competition, and therefore greater development in this industry, seeking that this results in a greater network of acceptance of these payments and a greater pace of technological innovation in them, to promote their use.

Currently, the cap for the interchange fee is 0.60% for debit card transactions and 1.30% for credit cards.