PDA

View Full Version : Sick of paying more to use a credit card.


ShellyLynn3630
04-08-2010, 08:17 PM
Arrgghh!!! :mad: I am getting soooo tired of seeing places that charge more for the use of a credit card. I got gas this morning at one of my favorite stops, when I have to get gas in the mornings and after filling up I noticed the sign was five cents more a gallon for credit/debit card use. I just wonder when every single store and merchant will start this. It will be back to cash for me then.

J3nn78
04-08-2010, 08:53 PM
It sucks, but the businesses lose a percentage on each CC transaction. I HATED that when DH owned his own retail business.
If it is such a bother, just pay cash.

ShellyLynn3630
04-08-2010, 08:58 PM
I always use pay at the pump. I have'nt been inside a gas station to pay for gas in, well I don't know how long. I will just be more vigilant where I buy my gas. But if this does become more and more of a trend at more places, I will be going back to cash.

tink_n_pooh
04-08-2010, 09:04 PM
Just something to keep in mind - according to the agreement that each vendor agrees to who accepts Visa/Mastercard/AMEX/Discover the vendor may NOT charge a surcharge to use a credit card. They are perfectly well allowed however to offer a discounted cash price but it must be stated clearly.

For instance, I sell copiers, if I tell you that this copier is $348.00 and you hand me a Visa card I can't charge you 3% more since you are paying by Visa. I CAN however say that the price is $348.00 and the cash discounted price is $338.00

It's really just symantics but it's something that consumers should certainly be aware of, if you find someone trying to charge more for CC purchases be sure to report them to the credit card company.

Vendors are also not allowed to require a minimum purchase for credit card usage, I see signs often that say minimum $10 purchase on credit cards, makes me angry that some people play by the rules but not others :mad:

ShellyLynn3630
04-08-2010, 09:14 PM
Just something to keep in mind - according to the agreement that each vendor agrees to who accepts Visa/Mastercard/AMEX/Discover the vendor may NOT charge a surcharge to use a credit card. They are perfectly well allowed however to offer a discounted cash price but it must be stated clearly.

For instance, I sell copiers, if I tell you that this copier is $348.00 and you hand me a Visa card I can't charge you 3% more since you are paying by Visa. I CAN however say that the price is $348.00 and the cash discounted price is $338.00

It's really just symantics but it's something that consumers should certainly be aware of, if you find someone trying to charge more for CC purchases be sure to report them to the credit card company.

Vendors are also not allowed to require a minimum purchase for credit card usage, I see signs often that say minimum $10 purchase on credit cards, makes me angry that some people play by the rules but not others :mad:

I see the both of the above happening a lot. Even with our local city government. If I pay my water bill with a card they will charge me 2 or 3% fee.

SandrA9810
04-08-2010, 09:30 PM
See if a company uses another vendor to process CC transactions, the vendor can charge a 2-3% for the use of it's service.

Like my electric company uses a 3rd party vendor to process CCs and charges a fee with them.

tink_n_pooh
04-08-2010, 09:38 PM
See if a company uses another vendor to process CC transactions, the vendor can charge a 2-3% for the use of it's service.

Like my electric company uses a 3rd party vendor to process CCs and charges a fee with them.


Interesting, I've never heard of a company using another company to process their credit card transactions (with the exception of paypal). I'd be very curious to see what the big 4 have to say about that but I'm not sure what if anything they could say since they don't actually have agreements with the electric company. I wonder which company actually holds the merchant account.

SandrA9810
04-08-2010, 10:01 PM
Our credit card processor (Point and Pay, Inc.) accepts Visa, Master Card, American Express and Discover for online transactions. The credit card processor assesses a convenience fee on the total amount of the transaction. Click here to see the detailed credit card convenience fee structure.

If paying an amount between: The fee will be:
$0.01 - $50.00 ...$2.00
$50.01 - $100.00 ...$2.95
$100.01 - $200.00 ...$4.95
$200.01 - $300.00 ...$6.95
For every additional $100 up to $1000 ...Add $2.00
For every additional $1000 ...Add $25

It used to be a percentage, which was small, but now I only pay in cash at the office. And it happens to be two blocks down the road, so it's not a big deal.

dd50
04-08-2010, 10:05 PM
Just something to keep in mind - according to the agreement that each vendor agrees to who accepts Visa/Mastercard/AMEX/Discover the vendor may NOT charge a surcharge to use a credit card. They are perfectly well allowed however to offer a discounted cash price but it must be stated clearly.

For instance, I sell copiers, if I tell you that this copier is $348.00 and you hand me a Visa card I can't charge you 3% more since you are paying by Visa. I CAN however say that the price is $348.00 and the cash discounted price is $338.00

It's really just symantics but it's something that consumers should certainly be aware of, if you find someone trying to charge more for CC purchases be sure to report them to the credit card company.

Vendors are also not allowed to require a minimum purchase for credit card usage, I see signs often that say minimum $10 purchase on credit cards, makes me angry that some people play by the rules but not others :mad:

:thumbsup2 When I see those signs for minimum I will report them. When they ask for ID I report them. If they offer the service they should know the do's and don't s of it.

cm8
04-08-2010, 11:26 PM
:thumbsup2

disneylove69
04-09-2010, 01:52 AM
:thumbsup2 When I see those signs for minimum I will report them. When they ask for ID I report them. If they offer the service they should know the do's and don't s of it.

In California they can ask for Id but not supposed to deny you if the name doesn't match. I work in retail and you wouldn't believe how many people complain when we don't ask for id. We can however compare signatures and if doesn't match the card deny it. You want people to ask for id. It's a nightmare when your identity has been stolen. Trust me it happens ALL the time. I get calls all the time when someones debit card number has been compromised and used as a Visa and they are in tears because there account was charged emptying their account. Now their rent is gone because the banks take forever to correct the issue and their checks are bouncing all over town. The retailer can't do anything for them.

Ava
04-09-2010, 10:14 AM
Vendors are also not allowed to require a minimum purchase for credit card usage, I see signs often that say minimum $10 purchase on credit cards, makes me angry that some people play by the rules but not others :mad:
I used to see this a lot at small stores around here, but many of them I've noticed no longer have these signs. I guess the stores know consumers are getting wise to these rules. I still try to use cash for small purchases at local independently-owned shops, but at big chains I will charge $1. I figure they can afford it.

MarilIncredible
04-09-2010, 01:32 PM
I haven't seen a gas station offer a cash discount in my area, nor anywhere else for years! That is sure a blast from the past!

I noticed the overpriced gas/convenience store near me requires a $5 min for CC purchases, but since I only buy gas there on rare occasion, and that is always over $5, I don't really care.

shoney
04-09-2010, 02:24 PM
funny, I was just asked for ID at citifield (mets) the other night. The name didn't match and she didn't say anything.

I find here on LI no one looks at the signature. In the supermarket you don't even need to sign for it if it is under 25 dollars. When we were in FL, the woman at the PUblix examined the signatures like we were criminals.

DawnM
04-09-2010, 02:29 PM
I do not sign the backs of my credit cards for this reason.

I write "CHECK FOR I.D." on the back.

Dawn

In California they can ask for Id but not supposed to deny you if the name doesn't match. I work in retail and you wouldn't believe how many people complain when we don't ask for id. We can however compare signatures and if doesn't match the card deny it. You want people to ask for id. It's a nightmare when your identity has been stolen. Trust me it happens ALL the time. I get calls all the time when someones debit card number has been compromised and used as a Visa and they are in tears because there account was charged emptying their account. Now their rent is gone because the banks take forever to correct the issue and their checks are bouncing all over town. The retailer can't do anything for them.

wvjules
04-09-2010, 02:30 PM
Interesting, I've never heard of a company using another company to process their credit card transactions (with the exception of paypal). I'd be very curious to see what the big 4 have to say about that but I'm not sure what if anything they could say since they don't actually have agreements with the electric company. I wonder which company actually holds the merchant account.

Allegheny Power uses a 3rd party to process online Credit card payments. Verizon uses a 3rd party to process phone credit card payments and they both charge a fee.

dd50
04-09-2010, 03:04 PM
I do not sign the backs of my credit cards for this reason.

I write "CHECK FOR I.D." on the back.

Dawn

If it is a Mastercard they aren't suppose to accept it, don't know if that is true on Visa because that is my debit which I don't like to use.

dsny1mom
04-09-2010, 03:49 PM
Arrgghh!!! :mad: I am getting soooo tired of seeing places that charge more for the use of a credit card. I got gas this morning at one of my favorite stops, when I have to get gas in the mornings and after filling up I noticed the sign was five cents more a gallon for credit/debit card use. I just wonder when every single store and merchant will start this. It will be back to cash for me then.

In my area there are 4 gas stations that are charging .5 cents or more less per gallon if one pays with cash. So I see it as a perk if you pay with cash not as a penailty if you pay with a credit card.

The gas stations that now offer a discount at the pump used to offer a cash discount if you bought a car wash from them. I much prefer the cash discount.

I like being able to get a discount for paying cash. I like earning rewards points for using my CCs. I use cash when they offer a discount and pay by CC when they don't. I don't think it is realsitic to expect to get both.

dsny1mom

mjkacmom
04-09-2010, 04:08 PM
At least here in NJ, gas stations can't charge more to use a cc, but they can charge less if you pay in cash. The station closest to us charges 8 cents less than the other stations if you pay in cash - a good thing! :cool1:

ShellyLynn3630
04-09-2010, 04:31 PM
In my area there are 4 gas stations that are charging .5 cents or more less per gallon if one pays with cash. So I see it as a perk if you pay with cash not as a penailty if you pay with a credit card.

The gas stations that now offer a discount at the pump used to offer a cash discount if you bought a car wash from them. I much prefer the cash discount.

I like being able to get a discount for paying cash. I like earning rewards points for using my CCs. I use cash when they offer a discount and pay by CC when they don't. I don't think it is realsitic to expect to get both.

dsny1mom


Well most of the gas stations around here (AT THE MOMENT) you do not have to pay more to use a card. So for now, yes I do expect to get both. So seeing that this one in particluar did charge more, surprised me.

DisneyLover83
04-09-2010, 05:17 PM
I do not sign the backs of my credit cards for this reason.

I write "CHECK FOR I.D." on the back.

Dawn

I did this on my cards and at a bookstore I was told I could not use my card because it was not signed and therefore invalid. I had never heard that before and have only had it happen once.

fall08CP
04-09-2010, 05:27 PM
/Hijack

Yes, according to http://www.creditcards.com/credit-card-news/sign-or-write-see-ID-1282.php

"See ID or Check for ID is not a valid substitute for a signature. The customer must sign the card, in your presence." And if the customer refuses? "A refusal to sign means the card is still invalid and cannot be accepted."

That is for Visa and Mastercard.

/End Hijack

tinkerbelletreasure
04-09-2010, 05:34 PM
funny, I was just asked for ID at citifield (mets) the other night. The name didn't match and she didn't say anything.

I find here on LI no one looks at the signature. In the supermarket you don't even need to sign for it if it is under 25 dollars. When we were in FL, the woman at the PUblix examined the signatures like we were criminals.

I almost had it out with a clerk in Wal amrt when we were in WDW 3 weeks ago. To cut down on the risk of losing cards and stuff we only brought one credit card and it happened to have my husbands name on it. i went to pay in Wal Mart and he was out in teh car with the kids...first, they made me have my step daughter bring his ID in, and then because he didn't come himself, she called for a manager who thankfully told me to go on my way. I was pretty angry that they put me through all that for $10 worth of groceries late at night when teh kids were tired and cranky.

taitai
04-09-2010, 06:48 PM
I almost had it out with a clerk in Wal amrt when we were in WDW 3 weeks ago. To cut down on the risk of losing cards and stuff we only brought one credit card and it happened to have my husbands name on it. i went to pay in Wal Mart and he was out in teh car with the kids...first, they made me have my step daughter bring his ID in, and then because he didn't come himself, she called for a manager who thankfully told me to go on my way. I was pretty angry that they put me through all that for $10 worth of groceries late at night when teh kids were tired and cranky.

Why were you upset over that? Would you have been equally upset if someone had stolen your card and was racking up huge charges and no clerk bothered to check that it was the correct person? That just seems ridiculous to me. They were doing this to protect you. If it was such a problem, bring two cards or have the person whose name is on the card use the card.

dsny1mom
04-09-2010, 09:49 PM
Well most of the gas stations around here (AT THE MOMENT) you do not have to pay more to use a card. So for now, yes I do expect to get both. So seeing that this one in particluar did charge more, surprised me.

The stations here all charge pretty much the same for gas (within a penny or two) UNLESS you pay cash then you get a discount. I actually like the perk for paying cash and hope it catches on, so I can get discounts for things other than gasoline.

And considering how much the CC companies take from the businesses for offering their cards as payment it wouldn't surprise me if this becomes common place in the future. BTW, AE and Discover take a larger % from the businesses than MC or Visa do so that is why you see Visa and MC accepted more than the other two.

dsny1mom

ShellyLynn3630
04-09-2010, 10:14 PM
The stations here all charge pretty much the same for gas (within a penny or two) UNLESS you pay cash then you get a discount. I actually like the perk for paying cash and hope it catches on, so I can get discounts for things other than gasoline.

And considering how much the CC companies take from the businesses for offering their cards as payment it wouldn't surprise me if this becomes common place in the future. BTW, AE and Discover take a larger % from the businesses than MC or Visa do so that is why you see Visa and MC accepted more than the other two.

dsny1mom

Ya, I do figure that it may become more common in the future, and I will just have to go back to cash and checks. I did'nt know that about AE and Discover, but I have neither.

SamSam
04-09-2010, 10:45 PM
I almost had it out with a clerk in Wal amrt when we were in WDW 3 weeks ago. To cut down on the risk of losing cards and stuff we only brought one credit card and it happened to have my husbands name on it. i went to pay in Wal Mart and he was out in teh car with the kids...first, they made me have my step daughter bring his ID in, and then because he didn't come himself, she called for a manager who thankfully told me to go on my way. I was pretty angry that they put me through all that for $10 worth of groceries late at night when teh kids were tired and cranky.

:confused3Why in the world would this upset you? I would be thankful that they did not want to accept a card without my name on it.

dtr_angel
04-09-2010, 10:50 PM
this really bothers me with my electric bill, and gas bill
if I pay online with a credit card, the fees are rediculous - I think gas was like $12 and electric is like $5? I don't remember exactly

all my other bills, even my local little water/sewage bill I can pay online with a credit card for no fees. I like this so much better because I can get % back on a credit card.

rumrunnergirl
04-10-2010, 09:39 AM
.

rumrunnergirl
04-10-2010, 09:41 AM
.

disney1990
04-10-2010, 09:52 AM
I have seen people turned down at Disney World for not having their card signed. They are not supposed to take a card that says, Request ID either.

Belle1962
04-10-2010, 10:23 AM
I sign and put see id. I also sign receipts differently than the way I sign it on the card. (For instance the card may have only my first and last name--I sign receipts using my first name, middle initial and last name). I have done this forever (and I am close to 50--LOL) and have never had anyone question it.

PinkRhombus
04-10-2010, 12:58 PM
These fees are why Wal-Mart bought a bank several years back...then those fees stays in-house.

pintamino
04-10-2010, 01:04 PM
If it is a Mastercard they aren't suppose to accept it, don't know if that is true on Visa because that is my debit which I don't like to use.

It's true for all cards -- they have to be signed to be valid! I sign them and write "ASK 4 ID" next to my signature