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The interchange fees for a Check Card are the same as those for a credit card; they are not higher. Wal-mart's beef is that processing a Check Card transaction shouldn't cost as much because there is no "risk" associated with it; in other words, it's money that is already there (checking account) as opposed to a "loan" (credit card).

However, as far as Wal-mart is concerned, it should make absolutely no difference, because the money is GUARANTEED, whether the money is in the person's checking account or not.

Also, just because there is "no risk" associated with a Check Card transaction, that doesn't mean that it costs any less to process the transaction.
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