WalMart and debit cards I guess I must be living in some sort of box, but today was the first time I heard of Wal-Mart no longer accepting the Mastercard debit cards as credit cards. For those who may not know about them, they are basically ATM cards with a Mastercard logo that can be used as a credit card and the money taken right out of your checking account. I just received my income tax refund and went out shopping. It has been eons since I set foot into a Wal-Mart and I was near one, so I thought "Lets just stop here." I had quite a few things in my cart ranging from toys for the kids to cooking utensils. All in all, it was probably around $400.00. I get up to the cashier, swipe my card and she tells me to enter my PIN #. I told her this is credit not debit. She then tells me that they no longer accept my card in a credit type capacity. Either I can use it as a debit and get charged a fee, go to their ATM and get charged 2 fees, or write a check, which I don't take my checkbook with me anymore. As a result of their new policy, they lost my sale. I left and went to Kohls and Target and got all my stuff. Wal-Mart states that the Mastercard debit cards cost them too much money to process, yet, they still take visa debit cards. In order for me to use a card at Wal-Mart, I would have to switch banks which I don't want to do. I paid off my credit cards, cut them up and tossed them so I don't get into debt, so paying with a credit card is not an option. Paying with a check would be OK, but I am only allowed a certain amount of checks each month and I use them for doctor bills, rent and utilities. From what I have gathered, Wal-Mart struck a deal with VISA to have lower rates when a credit card is used. By having those lower rates, the "savings" is passed along to the customers. I don't buy this load of crap. To me, I view it as the Wal-Mart monopoly just screwing the little guy again. Nowadays, banks are very picky on how many checks you write. Mine actually rewards me for using my debit card as a credit card. So, if I would continue to shop there, I would loose all my bonus points because I cannot use my card as a credit card. Maybe someone can enlighten me on exactly how much it costs a business to accept these types of cards. I can't imagine it would be a whole lot or no one would accept them. Also, I have gathered that they are seeing how well this is accepted. If no sales are lost, other stores may file suit. Perhaps in the near future, the debit/credit card will no longer be accepted anywhere.