What is Digg?175 Comments
- Dolomite, on 01/04/2008, -2/+63In other news, when cash is stolen, its really hard to get back, most times, its gone forever.
- inactive, on 01/04/2008, -6/+57I have written on the back of my card in bold black sharpie "ASK FOR ID" and NOBODY asks me for it. I work retail part time and some people flip out on me when I ask them for ID. Others thank me.
- Boing, on 01/04/2008, -1/+38Depends on the bank, obviously.
- inactive, on 01/04/2008, -1/+27I've got a BofA debit card and their fraud detection kicked in and didn't allow a fraudulent charge to go through on mine (they froze the card and called me to verify) That said, I'm using cash now as much as possible (esp. in restaurants or any place where the card would be out of my sight)
- atbnet, on 01/04/2008, -6/+23Is 'Ask For ID' your legal signature? No! Stop doing that *****. And stop asking for IDs unless you are selling liquor.
Even Visa says not to ask for ID and SEE ID isn't a valid signature.
usa.visa.com/download/merchants/rules_for_visa_merchants.pdf
See page 29.
It's also in Mastercard's merchant agreement in section 9.11.2. - w00tfest99, on 01/04/2008, -2/+17Technically it's not valid to write "ASK FOR ID" on it, unless that's your signature. I hated it when I worked retail and customers would get up in my face about not asking for their ID on a tiny little $5 charge.
- canbeonlyone, on 01/04/2008, -1/+15Did your wife believe your story too?
- schnikies79, on 01/04/2008, -1/+15Some debit cards (but not all by any means) do give you the full protection of a CC; it's up to your bank really. I use a locally owned and operated bank, so it's extremely easy to get a straight answer.
Check your terms. Caveat emptor. - Yez70, on 01/04/2008, -0/+11You must not be American. Pickpockets aren't much of an issue here like they are in Europe. While it does happen, it's far more common to have never even heard of anyone you know being pickpocketed. Our criminals prefer car jackings....
- antich, on 01/04/2008, -0/+11The reason no one checked his ID is that, contractually, the merchant isn't supposed to ask for further identification (given that the debit card is a Visa/Mastercard based card).
Here's a good question/answer from google answers (it deals with credit cards, but applies to debit cards if they are Visa/Mastercard based):
http://answers.google.com/answers/threadview?id=71 ...
Note that this isn't a very secure way of doing business, just a more convenient one. - CraigJ, on 01/04/2008, -3/+14So does your mom, but you don't hear me giving you the breeze about it...
- tawny6812, on 01/04/2008, -4/+15most debit cards are fraud protected...especially if its visa...this seems like a situational thing to me.
- dvdchris, on 01/04/2008, -0/+10How do you miss $4000 of charges for more than 90 days?!?
- codyman, on 01/04/2008, -3/+13I too work retail (big electronics retailer)... we have a mandatory ID policy which is strictly enforced... whether your buying a $30 item, or $10,000 in items, if you're using plastic to pay, we're checking your ID
I am amazed how some people get angry about it. Some do say "thanks for asking" but some act like we are violating their rights or something... and if they don't have it, I nicely tell them they can come back when they have it which pisses off some people (I once had a black card AMEX owner not have his ID with him and had to sit and argue with him that he couldn't buy his stuff since he had no ID, but he kept telling me that that was crazy since the card had no limit, which I then told him thats an even better reason to ask for ID... - jawdog, on 01/04/2008, -0/+9True, but i usually don't carry the cash equivalent of my entire chequing and savings with me all the time.
- Ebeach, on 01/04/2008, -1/+10I used to work retail as well, and you actually are violating their rights. It's against the major credit card company's policies to require ID for a transaction. I know because I used to do the same as you. Till one day a guy who's transaction was refused took it up with Visa. They came down on us really hard, and this was like maybe ~10$, If the signatures don't match or are suspicious, you have grounds for refusal. But thats as far as you're supposed to go. Even if they write "check ID" you technically can't, and we learned the hard way. Just because something is common place (checking ID) doesn't mean the company will back you.
- pintomp3, on 01/04/2008, -1/+10i'de rather have some cash pickpocketed than my identity stolen. besides, where do you live where pickpocketing is such a problem? an 80's movie?
- mrbroli, on 01/04/2008, -9/+17Sorry, I didn't RTFA... but I've lost my debit card three times in the past 4 years, and once it was stolen. Not once has it been used for two reasons: 1) I notify my bank of the stolen card immediately, and 2) I have a ***** PIN. Nobody knows the PIN, and after three failed PIN attempts, my bank locks the card out for 24 hours.
Does that a) make me a ***** genius, b) make me a troll, or c) an idiot for not reading the article, as they cover it there? - canUdi9it, on 01/04/2008, -0/+8I wrote DO NOT STEAL on the back of mine. I hope it works.
- Otto, on 01/04/2008, -0/+8Ummm... Every credit card in the world has online access now. Take American Express. Every month, they email me a statement, as well as paper mail it to me (I like to keep those records). To pay it off, I login on their website, hit "Pay Bill", and it transfers the money out of my checking account and to the credit card. Done and done. It's virtually impossible to screw it up.
- inactive, on 01/04/2008, -4/+12"I wish I could of found the guy."
CORRECTION: "I wish I could HAVE found the guy."
Courtesy of your local grammar nazi. - inajeep, on 01/04/2008, -3/+10Never underestimate the stupidity of the common man or woman.
- atbnet, on 01/04/2008, -0/+7He's probably on Digg given the nature of the purchases: porn and electronics.
- dvdchris, on 01/04/2008, -0/+7It is against the merchant agreement with the credit card companies for retailers to establish their own ID or minimum charge policies. Doing this can get you booted from being able to accept VISA/MC.
- ChaosMotor, on 01/04/2008, -0/+7I convert all my cash to dimes, swallow them, and when it's time to pay I ***** the proper amount onto the counter.
- itdood, on 01/04/2008, -0/+6I don't get why people use debit cards when just about anyone can get a CC and play the 30 day float. Is it because people don't understand this, or lack the discipline to only charge what's in their budget? Or how's about scoring points on a CC? My wife and I charge everything, even our food. We've done this for the past 15 years. We've never once paid a finance charge, and manage to score almost free Disney trips every year (yea we use a Disney card). Top that off with playing the float, we've probably earned another $2-3k in interest because it's sitting in my account (until I pay the bill). Yes it adds up. So in 10 years that's about $8k in my pocket, and I did nothing. Play the float, get a points card.
- SnowBladerX, on 01/04/2008, -6/+12Seems to work fine for us up here in Canada, we use Debit for everything, Almost every store accepts them.
- erniegs, on 01/04/2008, -1/+7Hello All: 99% of all replies to this topic are incredibly wrong! Regulation E is the government regulation to identify and protect users of Debit (without MasterCard or Visa Logos), Master Debit and Visa Debit cards.
I was a representative in Washington D.C. when the legislation was drafted around 1980; it was necessary to protect users during the beginning of "Electronic Banking". At that time it had teeth, all institutions were paranoid of customers complaining to the Government Agencies about the bank, which did cause delays in bank acquisitions pending the review of the charges. However, today, there does not seem to be any agency or bank that has any concerns of not applying REG E correctly.
In Summary, some banks are now sending Debit cards to your home that are immediately active, registration is no longer required. Any overdraft caused by theft will not be erased from your bank records even when they issue another card and account number. Stay on the bank by calling every day until they correct the situation; as the banks cut staff, have vacations they do not staff for and your letter of complaint gets lost; always keep a copy and record your phone calls and person answering the phone. Become familiar with REG E, ask the bank representative questions to determine her knowledge, often times these representatives do not understand all aspects of the law.
Good Luck, ErnieGs - smackafiyah, on 01/04/2008, -0/+6I laughed when some housewife flipped when the clerk asked her to put a signature on her card or they won't accept her card.
- joshhan, on 01/04/2008, -1/+7I'm not sure why people still write checks and use cash for purchases anymore. If I could pay my mortgage on my credit card, I would.
Instead of spending cash, you could charge as much as you can on a credit card and get anywhere from a 1% to 5% rebate on your purchases. In addition, you get a free loan for 20-35 days at the same time earning a little interest on the cash in your account. My credit card even sends me a year end report on all my purchases categorized by vendor. This is, of course, contingent on paying your balance in full every month. But if you pay with a debit card or check, then I assume you have the money in hand anyway. - pintomp3, on 01/04/2008, -0/+6stolen cash doesn't risk your identity being stolen and doesn't ruin your credit score.
- phixed, on 01/04/2008, -0/+6Agreed. Once I got my ***** together and worked out and stuck to a budget, the amount of miles I've been able to earn by using only my CC and then paying it off every month has been incredible. I charge everything now, including packs of gum at gas stations.
- bowe, on 01/04/2008, -0/+6Dirty secret of cash:
If you lose a wallet full of cash, you probably won't be able to get it back. The US government does not issue fraud protection. - steelclash84, on 01/04/2008, -3/+8I'd rather not use a debit card and punch in my pin code where any schmuck might look over my shoulder and memorize it.
- ScottAG, on 01/04/2008, -2/+7Why would anyone not want to take advantage of the float available to you when you use credit cards? It seems that you have much less control over your money with debit cards than you do with credit cards.
- Otto, on 01/04/2008, -1/+6No, it really doesn't. With a credit card, you're spending other people's money. If there's a dispute, then you are not out any money while the dispute is being settled. For a debit card, even the Visa ones, your checking account has that money taken out or put on hold during the dispute. That is your money that you cannot access, not somebody else's money which you cannot access.
Using debit cards do not make any sense on any level. The charges are higher, the protections are less, and it's possible to overdrawn your actual account and thus create overdraft fees from your bank. If you have the choice of using credit cards, they make a lot more sense, as long as you pay them off every month to avoid interest charges. - atbnet, on 01/04/2008, -2/+7Maybe your big electronics retailer should do what they are supposed to do which is compare signatures and do a Code 10 call if something is suspicious. I'm sorry the AMEX guy was correct and you were wrong.
- theutopian, on 01/04/2008, -1/+6Last time I was in London, we asked the waiter why he brings the wireless credit card reader to the table and do it in front of us. "Fraud protection. It's not smart to take your card away from you." Believe it or not, being an American where I'm used to the card being taken away from me in a restaurant, I never even considered that being a bad thing. Now, I'm slightly nervous whenever they take my card way to run it...
- UncleCrapper, on 01/04/2008, -1/+6Not according to the card agreement that came with my Visa card. The card agreement is specific that I MUST sign the card with my usual signature and in particular prohibits me from writing "CHECK FOR ID" or something similar in the signature panel.
- davewelsh79, on 01/04/2008, -0/+5Some one can easily find your pin. Sometimes thieves set up a hacked point-of-sale device. It works like normal for making your purchase. But, in addition, when you swipe your card the card number is recorded on an attached computer and when you type your pin on the keypad the keystrokes are logged.
Then the thieves make a "cloned" card with another device and can use it wherever they want. - brufleth, on 01/04/2008, -1/+5The issue is people using their debit card as a credit card which is possible if you have a visa or mastercard symbol on it. Some banks even reward you for using your debit card as a credit card. Using someone else's credit card is as easy as using your own in most cases. Hell anyone can go to a store with self checkout and use any card with no chance of being caught unless the card has already been reported stolen. On that point, I guess some people just don't notice they've lost the card right away.
- slvrbullet87, on 01/04/2008, -0/+4that or hittin ya in the head with a brick... happend to a buddy of mine
- howitzeral, on 01/04/2008, -0/+4That's exactly the problem--being able to budget. So many people either don't know how or don't have the self-control to do that. All too common problem these days.
- drakia, on 01/04/2008, -2/+6That's cause most people up here in Canada are smart enough to use their debit as debit, and credit as credit, instead of using their debit as a credit card and completely ignoring the slight protection a PIN provides.
- ScottyMcBaggs, on 01/04/2008, -0/+4or you could write "Show us yer *****!". Both phrases have the same probability of happening.
- Rabbethan, on 01/04/2008, -0/+4Yeah. My buddy has his debit account at Wamu, and a few months back someone used his info to buy a $1,200 puppy on the other side of the country. Wamu called him up, told him about it, and returned all his money 5 days later without charging him an overdraft fee.
- lordsandwich, on 01/04/2008, -0/+45 days to return $1,200?? That's proof-positive that credit is better than debit.
- radu79, on 01/04/2008, -5/+9I have a Visa debit card offered by my credit union, and it has the same protections as a normal Visa credit card.
- m3n0ch, on 01/04/2008, -2/+6They are protected by Visa only if you use it as a credit, not debit. I would recommend always using a debit card as credit if possible as you are gauranteed by Visa or MC in that case.
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