Why is there a 19% increase when paying by debit card instead of credit card in Chile?

The 19% increase when paying by debit card instead of credit card in Chile could be attributed to several factors. Debit card transactions might incur additional costs or fees due to processing differences, financial product regulations, or specific merchant agreements. Additionally, tax incentives or differences in VAT treatment between debit and credit card transactions might contribute to this discrepancy. Local banking practices and incentives to encourage credit card use could also play a role. Without specific regulatory or market context, these are potential explanations for the pricing variance.