Skip to comments.
New Rules on Debit Cards
self ^
| August 6, 2010
| self
Posted on 08/06/2010 11:04:37 AM PDT by bboop
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-42 next last
1
posted on
08/06/2010 11:04:40 AM PDT
by
bboop
To: bboop
Fine, cash a check and use the cash instead.
That's how we all did it 20 years ago.
2
posted on
08/06/2010 11:10:26 AM PDT
by
AU72
To: bboop
It’s a bit more complicated, but you can thank the financial regs passed by our Democrat Overlords for this.
3
posted on
08/06/2010 11:13:07 AM PDT
by
RockinRight
(Outrage does not make the law.)
To: AU72
Or use a credit card and pay in full when the statement comes...
Best of both worlds.
4
posted on
08/06/2010 11:14:06 AM PDT
by
RockinRight
(Outrage does not make the law.)
To: bboop
Do you get all of your financial news from the “gal at the car wash?”
To: bboop
My bank is actually paying you a nickle every time you use your debit card without a PIN. It is nice to get an extra seven bucks or so deposited into your account twice a year.
6
posted on
08/06/2010 11:15:18 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: bboop
7
posted on
08/06/2010 11:15:40 AM PDT
by
DJ MacWoW
(If Bam is the answer, the question was stupid.)
To: RockinRight
Or use a credit card and
pay in full when the statement comes... That's what we do
Easier across the board
To: All
The Credit Card companies prohibit charging any fees in addition to the sales price total of the charge.
The CC company can pull the access to the system if you violate this rule.
CC companies Charge $0.30 per transaction plus from 2.0% to 5%.
This rates very depending on the company and also the type of card. Reward/ Airline miles I have to pay a higher percentage than a debit card. NO THE REWARDS AMD AIRLINE MILES ARE NOT FREE.
Myself and many SB owner will not take American Express as the gorge us on the fees.
To: SoothingDave
I’m trying to envision the reaction of people when I tell them “A guy on the internet told me that a gal at the car wash told him that......”
10
posted on
08/06/2010 11:17:55 AM PDT
by
DManA
To: Vigilanteman
My bank is actually paying you a nickle every time you use your debit card without a PIN. That's because when you use it that way you are actually using it as a credit card.
We're not talking logic here. We're talking federal regulations, which have nothing whatsoever to do with logic.
11
posted on
08/06/2010 11:18:28 AM PDT
by
E. Pluribus Unum
("The only stable state is the one in which all men are equal before the law." -- Aristotle)
To: troy McClure
In other words they insist you hide the cost in your price.
The Credit Card companies prohibit charging any fees in addition to the sales price total of the charge.
12
posted on
08/06/2010 11:19:12 AM PDT
by
DManA
To: RockinRight
13
posted on
08/06/2010 11:19:46 AM PDT
by
WOBBLY BOB
(drain the swamp! ( then napalm it and pave it over ))
To: bboop
No they aren't charging extra fess !
What the Financial Reform Bill did was allow merchants to charge a surcharge for smaller transactions and this company is doing this.
The old Visa/MC rules didn't allow surcharging on debit or credit cards but congress just changed this. Merchants can also set a minimum now where before they couldn't.
To: HangnJudge
I have a debit card but rarely use it - most things go on one of the credit cards (whichever one gives better rewards at the time) and gets paid in full when the bill comes.
Or I do cash for the rest.
15
posted on
08/06/2010 11:20:10 AM PDT
by
RockinRight
(Outrage does not make the law.)
To: Vigilanteman
It isn't your bank it is the merchant that is paying that nickle but it is more like $.25 for taking that card in addition to all the regular fees.
To: HangnJudge
However I rarely carry cash...which annoys my wife.
17
posted on
08/06/2010 11:20:29 AM PDT
by
RockinRight
(Outrage does not make the law.)
To: bboop
18
posted on
08/06/2010 11:21:05 AM PDT
by
dartuser
("Palin 2012 ... nothing else will do.")
To: bboop
WTH is wrong with cash? It’s safe, universal, and ANONYMOUS. Meaning, nobody can track your individual purchases because there’s no name attached to your cash, except for the one stated under the picture of the dead white guy on the bill itself.
19
posted on
08/06/2010 11:22:51 AM PDT
by
meyer
(Our own government has become our enemy,...)
To: america-rules
Please tell me where you got this info as I would have received it from Chase Paymentech as a notice that I could charge a handling fee.
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-42 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson