I stopped at a small convience store on White Oak and purchased some snack for myself. I told the cashier that I want to use debit card to pay for it. He said "No, I rather charge you on credit card," and handed me a paper for me to sign it. I'm like "uh?". He said he prefer that way. I got disappointed when it didn't come to MY decision: debit or credit. I'm using my bank check card. I checked the reciept and luckily there wasn't any card number on it, just ******'s. Do you think I'm being ripped off or what? Is the store making profit by using credit transaction?
Most businesses I deal with while traveling will not allow you to use a debit card because they are also at risk. Regarding the "******" situation, they would be breaking the law if your number showed up, so they did right. My guess is they are not ripping you off and are also trying to protect themselves. By the way most small business owners make little to no money on your purchases if you use a credit/debit card for small purchases due to the fees they have to pay.
it's cheaper for a retailer to do debit than it is for them to do credit. sandhu's over at guy and amelia ch didn't have the debit option available the first couple of months he was open. and at my business, i have no way to process anything other than a credit card. i mean, i can process your debit card if it's a visa or whatever, but it's gotta go through like a credit card...
Many businesses have your entire credit card number on the receipt you sign. I don't understand why since I don't mind me having my credit card number. How are businesses at risk by someone using a debit card?
The Fair and Accurate Transactions Act says you can only show the last 5 numbers. Hotels and rental car companies will typically not let you use a debit card because if there are damages they can come after your credit card but typically can't for a debit card. I think Dangerboy one time went into the extra amount they will hold till your purchase clears that occur for a gas purchase on a debit card NC General Statute 14-113.24 - Exception is for handwritten in or impression devices.
When I was in retail I was taught not to ask a person if it was credit or debit. We were told to automatically put it in for credit. The company makes more money if it is used as a credit. I also had to train other employees to do the same.
Didn't think of damages. I know that Bonsai's and GNC in Clayton have the entire card number on their receipt. How do you go about changing that? Here's an interesting question. Peak Fitness makes a copy of your credit card when you join. How does that fit in to the law? (disclaimer...I haven't read the law yet)
sounds like big name retail to me, where bigger companies make deals for kickbacks to get people to use credit instead of debit. from clarkhoward.com Aug 27, 2007 -- Why debit cards are such a rip-off Clark despises debit cards -- or what he calls "piece of trash fake Visa and fake Mastercards." The banks love debit cards because they make huge profits on them. Most of us have had the experience of making a purchase with a debit card and being asked if we want to do it as debit or credit. If you go for credit, the merchant will pay $1.50 in processing fees. If you opt for debit, the merchant may only pay 17 or 18 cents.he merchants are always battling with the banks over the use of these cards. Sometimes the banks will even assess you a fee when you select the debit option for a purchase. Meanwhile, the September issue of Consumer Reports' Money Adviser states that your account is 17 times more likely to be hijacked if you go the credit route versus the debit option. But the debit option has other dangers. Certain banks now allow customers to use it to cover purchases that exceed their balance. The banks are all too happy to collect interest of around 1,000 percent on overdraft charges. So ultimately, it's your responsibility to not overdraw your account. Clark advises people to deduct your debit purchase from your account ledger right after making that purchase. It may be a hassle, but it will save you in the long run. There are a few scenarios where consumers really have to be aware about the dangers of using of debit cards. These include paying for gas at the pump, paying your hotel bill during check-out and doing a car rental. If you use a debit card in any of these situations, you have to know that the bank will put a hold on your account for an amount that exceeds the total of the bill. So though you may only get $10 of gas, the bank may hold $100 -- and if you don't have a lot in your account, you may start bouncing checks. Also, when you use a debit card to pay for something now that you'll get later, you have no recourse if the merchant goes bust or your purchase never arrives in the mail. However you can dispute the charge if you use a credit card. The only time Clark thinks it might be advisable to use a debit card is if you're someone who has been in trouble with credit cards in the past and you habitually go into debt using them. Then the benefits may outweigh the risks.
I would probably make them aware of it, there are financial penalties for violations. If they continue to violate I imagine you could notify law enforcement, this law is basically in place to protect against Identity Theft. The Health Club thing I don't know about, but it doesn't sound to safe to me. P.S. I am not the expert, my wife told me about this years ago when they had to correct their systems.
Probably more places that the one I named, only know of the one. I received a copy of a notice from the AG's office concerning the printed digits of a cc. I should print it out and give it to each business. Guess I could call the AG's office and ask about what to do.
That happened to a coworker the other week when he used his debit card for a hotel room. Left him with $12.00 for dinner and other.
To change having the entire # print is something that is handled by the provider of the service to the merchant. The company I work for, we can take your debit card if it has the visa symbol on it, but we HAVE to process it as a credit card. We don't have the capability through our swipe machine or the extra dedicated line to process the transaction as a debit card. They are in the process of making those changes, and to update the software program to eliminate the printing of the entire # and to print *******2345. But to make those changes for over 200 branches in the US, Hawaii, Alaska and Mexico can take a little time to get it coordinated.
I read someplace that the credit card company will stop letting them use their brand for this type of thing. (steering the company towards debit or credit) Also they will pull it for the minimum purchase thing. (where the store says you much purchase at least $xxxx amount to use debit/credit). Call the card company and see what they say.
