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Old 10-03-2012, 02:25 PM   #41
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LOL @ you ing about merchants "violating the MS agreement" and then lying to get what you want. Clearly integrity is huge for you.
But they are.

And it works, they accept payment despite their attempt to violate the MS agreement.

LOL @ integrity comment.

Kind of the pot calling the kettle black no? I have a merchant trying to set a min. debit card purchase despite it being outlined in their Merchant Agreement.

But woah is the merchant trying to screw customers, I'm the one enforcing them playing by the rules and I lack integrity
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Old 10-03-2012, 02:27 PM   #42
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How the hell is this thread this long? There are some borderline personal attacks going on here, chill out or I'll have to come back

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Old 10-03-2012, 02:52 PM   #43
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Old 10-03-2012, 02:53 PM   #44
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S
And the CC company dictates the rules for payment. If you are to have CC/debit card accepting equipment. Per your merchant agreement, you aren't to refuse a debit card for ANY purchase.


They will play by the rules.




You will accept payment in the form of debit per your merchant agreement, or I will come by, every day, and report you until you play ball.


Newsflash - VISA doesn't give a rats ass if merchants violate the minimum debit charge rule. Report them all you like; they're not going to do anything about it.
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Old 10-03-2012, 03:33 PM   #45
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Newsflash - VISA doesn't give a rats ass if merchants violate the minimum debit charge rule. Report them all you like; they're not going to do anything about it.
http://blog.visa.com/2010/09/02/mini...over-minimums/

Do as you like, 4th paragraph down from Visa encourages us card holders to call them about said practice.

Quote:
It's also important to note that this applies only to credit card transactions in the U.S.; the law doesn't cover debit card transactions, and Visa's no-minimum rule remains in effect for merchants who accept debit cards.
...
In those cases, consumers should let their card issuer know by calling the number found on the back of their card or on their monthly statement.
I am circulating this via Facebook and Reddit, hope to get the word out.

Last edited by yousharenow; 10-03-2012 at 03:42 PM.
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Old 10-03-2012, 03:43 PM   #46
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I'm surprised you had enough time to do all this between your masturbation sessions looking at panoramic photographs of the Toronto skyline.
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Old 10-03-2012, 03:44 PM   #47
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I'm surprised you had enough time to do all this between your masturbation sessions looking at panoramic photographs of the Toronto skyline.
inorite?
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Old 10-03-2012, 04:24 PM   #48
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People actually care about this?




Get a fricken hobby!
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Old 10-03-2012, 04:52 PM   #49
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People actually care about this?




Get a fricken hobby!
3 pages worth, so merchants do I guess?
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Old 10-03-2012, 06:23 PM   #50
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The problem would be solved if VISA and MC automatically charged the expense back to the customer instead of making the merchant absorb it.
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Old 10-03-2012, 07:10 PM   #51
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The problem would be solved if VISA and MC automatically charged the expense back to the customer instead of making the merchant absorb it.
Or just charge .2 or .3% more and get rid of transaction charges all together.
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Old 10-03-2012, 07:18 PM   #52
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Or just charge .2 or .3% more and get rid of transaction charges all together.
Can you imagine how much more money / more profitable merchants would be if consumers picked up the tab for cc expenses ?

Let's pretend Target and WM have 3k charge expenses a day per store.
At one dollar each.
If they were eliminated there would be 1m extra profit per store.
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Old 10-03-2012, 10:22 PM   #53
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You will accept payment in the form of debit per your merchant agreement, or I will come by, every day, and report you until you play ball.
Lifes that dull huh.
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Old 10-03-2012, 11:34 PM   #54
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Old 10-03-2012, 11:50 PM   #55
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Does anyone here work on the actuarial side of the credit business, and are you free to explain what goes into the transaction costs?
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Old 10-04-2012, 11:09 AM   #56
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Lifes that dull huh.
Not really, I just can't stand merchants trying to enforce something that is outright against the agreement.

I'm simply enforcing the rules, especially when they are trying to apply some arbitrary limit to me.



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One of the best trolls on this site



they mad
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Old 10-04-2012, 11:30 AM   #57
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Originally Posted by yousharenow View Post
http://blog.visa.com/2010/09/02/mini...over-minimums/

Do as you like, 4th paragraph down from Visa encourages us card holders to call them about said practice.



I am circulating this via Facebook and Reddit, hope to get the word out.
That's their official policy. But unofficially, they don't give a crap.
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Old 10-04-2012, 12:38 PM   #58
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Not really, I just can't stand merchants trying to enforce something that is outright against the agreement.

I'm simply enforcing the rules, especially when they are trying to apply some arbitrary limit to me.








they mad
You and NOVAbimmer should hang together. You can order a $8 delivery pizza and demand to use a credit card, and he can refuse to tip.
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Old 10-04-2012, 12:44 PM   #59
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If the delivery guy brings a card reader, that may be tip-worthy

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Old 10-04-2012, 01:50 PM   #60
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Gramm-Leach-Bliley Act, which See.

Which would trigger an audit from your Processor, and would result in procedures put in place to eliminate the chargebacks. As a retail banker, you should be aware no one... not the bank, not the Processor (usually two different entities, by the way), and for sure not the Merchant... wants chargebacks on an ongoing basis. If it happens frequently, the Merchant is usually at fault, due to inattention, not adhering to their Agreements, or outright fraud.
GLB only covers information obtained and held by the bank, so it's incorrect to say that it's relevant to this kind of transaction.

You're talking about a single merchant losing a bunch of chargeback disputes. I'm talking about merchants in general across the entire channel losing chargeback disputes because they're the ones that have the fewest options if they feel they're treated unfairly.

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Originally Posted by yousharenow View Post
But they are.

And it works, they accept payment despite their attempt to violate the MS agreement.

LOL @ integrity comment.

Kind of the pot calling the kettle black no? I have a merchant trying to set a min. debit card purchase despite it being outlined in their Merchant Agreement.

But woah is the merchant trying to screw customers, I'm the one enforcing them playing by the rules and I lack integrity
You lack integrity because you're a liar. You're bragging about what you can get for yourself by lying, and at the same time you're whining about merchants not adhering to their agreements. You claim to be "enforcing them playing by the rules" but yet you lie without a second thought.

So you're absolutely correct, you're the pot calling the kettle black. Excellent analogy.


Quote:
Originally Posted by yousharenow View Post
http://blog.visa.com/2010/09/02/mini...over-minimums/

Do as you like, 4th paragraph down from Visa encourages us card holders to call them about said practice.
Nowhere in that link does it say to report merchants to VISA, and certainly the 4th paragraph says no such thing.

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Originally Posted by Raymond42262 View Post
The problem would be solved if VISA and MC automatically charged the expense back to the customer instead of making the merchant absorb it.
You think there's a magic bucket of money somewhere that these expenses get paid from? The customer pays for it no matter how it's adminstered.

Who do you think pays for it? Merchants don't "absorb" it. They charge for it one way or another. Either they raise prices, or they have less staff, or they ship more slowly, or they lower their inventory, or they charge other fees. The customer pays in some way, either higher prices, less selection, worse service, etc.

If the expense was shifted back to the bank, the bank would just find a way to pass the expense along to the customer in the form of fees, lower interest rates on deposits, higher interest rates on credit. Or the bank would lessen other expenses by having shorter hours for branches, cheaper plastic, not replacing ATMs as frequently Or they'd make their stockholders "pay" for it in the form of smaller dividends or less stock price increase as a result of lower ROI.

It's a closed system. A give one place is always a take from some other place.

Quote:
Originally Posted by Raymond42262 View Post
Can you imagine how much more money / more profitable merchants would be if consumers picked up the tab for cc expenses ?

Let's pretend Target and WM have 3k charge expenses a day per store.
At one dollar each.
If they were eliminated there would be 1m extra profit per store.
Google the Durbin Amendment. Regulated interchange fees for these kinds of transactions, basically shifted a large chunk of that money away from banks and to merchants.

Now run down to Target and see how much of that $ they passed on to you when they lowered their prices to offset the huge drop in merchant services expense they experienced as a result of the implementation of Durbin.

I know it will take you a while to count up all the money you've saved. I'll give you a few minutes.
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