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I totally agree. I definitely carry a small amount of cash in case I am buying something under 5 dollars in value, especially at the mom and pop stores. I never knew they had to pay extra to punch in the number by hand though.I agree with you. I've never even seen such a thing in a bar, or a restaurant for that matter. I think my stance is more for items that only cost $1-2, not even so much the $5 lunch that was brought up before. They are still making some money on a $4 sale, but when someone uses a card for a cheaper item they can potentially LOSE $. So, in that case, I can see where they are coming from even though they are in violation of their merchant account agreements. I'm just saying I see both sides and I see how they lose money on the small sales and for a struggling business, those charges could be the make or break point when it comes to whether they stay in business.
debtisgood wrote:
I totally agree. I definitely carry a small amount of cash in case I am buying something under 5 dollars in value, especially at the mom and pop stores. I never knew they had to pay extra to punch in the number by hand though.I agree with you. I've never even seen such a thing in a bar, or a restaurant for that matter. I think my stance is more for items that only cost $1-2, not even so much the $5 lunch that was brought up before. They are still making some money on a $4 sale, but when someone uses a card for a cheaper item they can potentially LOSE $. So, in that case, I can see where they are coming from even though they are in violation of their merchant account agreements. I'm just saying I see both sides and I see how they lose money on the small sales and for a struggling business, those charges could be the make or break point when it comes to whether they stay in business.
Watchmann wrote:
I don't even sign the back of my cards, I print CHECK ID with a Sharpie in the signature box. I'm always open to a visual glance at my bona fides. Sorry, I just don't see the big deal.
@Anonymous wrote:
@Watchmann wrote:I don't even sign the back of my cards, I print CHECK ID with a Sharpie in the signature box. I'm always open to a visual glance at my bona fides. Sorry, I just don't see the big deal.I know a lot of people do this, and I'm sure you've never had a problem using your cards with "CHECK ID" on the back, but technically a card is not valid unless it is signed. Any card with "CHECK ID" on the back has, again only technically, been invalidated.
akhan wrote:
I have 2 friends who's mom works for BOA and told them to write SEE ID on the back of their cards as well, so it seems that the "invalidating" advice is also coming from bank employees.