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OT Credit card charging
I've used nothing but a debit card most of the time, and only need a
credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? |
OT Credit card charging
On Mon, 26 Dec 2016 20:47:52 -0500, micky
wrote: I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? Up here in Ontario, "pay at the pump" requires you to select the amount of gas you want. I always select "fillup up to $200", you can select 10, 20, 50 etc or "up[ 2" several limits. This pre-authorizes the card transaction (to the maximum limit) |
OT Credit card charging
micky wrote:
I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. Clearly, they have to pre-authorize your card for some amount, and it's sort of unfair to make the pump determine what sort of vehicle you are fueling. It wouldn't surprise me if the amount varies with the gas station. I have no idea why it would take 2 days to resolve the difference--that sounds like an error. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? |
OT Credit card charging
On 12/26/2016 8:47 PM, micky wrote:
I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Good chance your debit card had the same hold too, but you may not have seen it. I've seen the notification over the years, but don't recall where. BTW, restaurants do that too, putting in enough hold to cover a tip. Your hotel and car rental company will do the same. Since you are going to Europe, the best exchange rate I got was on my debit card. I have a few Euros at home to take, but stop at an ATM at the airport when I get there to get cash. Keep in mind, if your card has a daily limit, you can only take that amount in USD. I've seen people try to get 400 Euro when they have a $400 limit. |
OT Credit card charging
On 12/26/2016 9:28 PM, Bill wrote:
Clearly, they have to pre-authorize your card for some amount, and it's sort of unfair to make the pump determine what sort of vehicle you are fueling. It wouldn't surprise me if the amount varies with the gas station. I have no idea why it would take 2 days to resolve the difference--that sounds like an error. The pre-authorization is fast. There are different ways for the actual charge to be made. Some retailers do all the charges for the day in one batch at the end of the day. I get a notice that one of my bills is paid. I don't see the charge on my CC for at least two days. |
OT Credit card charging
On Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski wrote:
SNIP Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I've seen the notification over the years, but don't recall where. BTW, restaurants do that too, putting in enough hold to cover a tip. Your hotel and car rental company will do the same. Never seen a restaurant do it, but around here we don't have to prepay at restaurants Since you are going to Europe, the best exchange rate I got was on my debit card. I have a few Euros at home to take, but stop at an ATM at the airport when I get there to get cash. Keep in mind, if your card has a daily limit, you can only take that amount in USD. I've seen people try to get 400 Euro when they have a $400 limit. |
OT Credit card charging
In alt.home.repair, on Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski
wrote: On 12/26/2016 8:47 PM, micky wrote: I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. Right. They ought to reconcile it in 10 minutes. They know it's a gaspump. Everything else at a gas station is paid after the amount is determined. OTOH, I've charged things and they don't show up until two days later. Good chance your debit card had the same hold too, but you may not have seen it. Right, because I only get $100+ notices. I've seen the notification over the years, but don't recall where. BTW, restaurants do that too, putting in enough hold to cover a tip. Your hotel and car rental company will do the same. Since you are going to Europe, the best exchange rate I got was on my debit card. That would make life simple. I still need the CC for the car. (One time in the US I didnt' know and I didn't have a CC but he took a DC not realizing what it was. This was before they wrote on all of the debit cards what they are. BTW, the card doesn't seem to have any place** to sign it, and the letter that came with it doesn't say anything about signing it. What's up? Ddi they decide no one looks at signatures anyhow so why have people sign it? **It has a silver strip that seems like I should not write on it, and a white strip with the CC number, the same number as on the front. Am I supposed to sign over that number? Or do I have to call them? I have a few Euros at home to take, but stop at an ATM at the airport when I get there to get cash. Keep in mind, if your card has a daily limit, you can only take that amount in USD. I've seen people try to get 400 Euro when they have a $400 limit. They want to have as few as possible transaction fees, and they don't know how much a euro is worth! I think on the last trip I didn't get more than $250 at a time. I'm wondering if I should take a checkbook too, to pay my rent if he'll take it**. I lengthened the trip a little to save money on the fare and it's for 11 weeks now. When I was in Guatamala 45 years ago, I paid my hospital bill in advance with a check. And the two orthopedists, the bad one and the good one, with checks, because I was running out of cash and there were no atms. (I still had to write my mother for more money because the trip took 6 weeks longer. I didn't want to travel, much less hitchhike, with my leg in a cast. 6 weeks at $5 a day was 210 dollars.) **I don't know who "he" is yet, so I can't ask. |
OT Credit card charging
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OT Credit card charging
In alt.home.repair, on Mon, 26 Dec 2016 23:29:13 -0500, micky
wrote: BTW, the card doesn't seem to have any place** to sign it, and the letter that came with it doesn't say anything about signing it. What's up? Ddi they decide no one looks at signatures anyhow so why have people sign it? **It has a silver strip that seems like I should not write on it, and a white strip with the CC number, the same number as on the front. Am I It said on the card to sign on the white strip but the words were small and somewhat destroyed by the embossing of the CC number on the front. supposed to sign over that number? Or do I have to call them? |
OT Credit card charging
In alt.home.repair, on Mon, 26 Dec 2016 23:36:32 -0500, micky
wrote: Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I agree, except that if the debit card people can decide how much I really spent on gas, the CC people should be able to too. They usually work for the same company. So maybe they too take out 85 and then put back 54? But there's that problem again. What if you only have $35 left in the debit card and you need 34 dollars of gas? Are they going to refuse to let you get it? and if the DC can handle this, whyy not the CC. I was up to 3 questions so I called and she said the hold is put on the by the store, not them (I guess that's obvious now that she said it) and siad if I were down to my last 30 dollars I should pay in the store instead of at the pump. They can put it through for 34 and then limit the sale to 34. I hope I'm never down to my last 35 dollars. Even on that trip in 1971, I never got that low, and I only started with 400.. I didnt' ask about debit cards, and she might not have known, but it seems to me it would be the same. |
OT Credit card charging
On Tue, 27 Dec 2016 00:11:02 -0500, micky
wrote: In alt.home.repair, on Mon, 26 Dec 2016 23:36:32 -0500, micky wrote: Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I agree, except that if the debit card people can decide how much I really spent on gas, the CC people should be able to too. They usually work for the same company. So maybe they too take out 85 and then put back 54? But there's that problem again. What if you only have $35 left in the debit card and you need 34 dollars of gas? Are they going to refuse to let you get it? and if the DC can handle this, whyy not the CC. I was up to 3 questions so I called and she said the hold is put on the by the store, not them (I guess that's obvious now that she said it) and siad if I were down to my last 30 dollars I should pay in the store instead of at the pump. They can put it through for 34 and then limit the sale to 34. I hope I'm never down to my last 35 dollars. Even on that trip in 1971, I never got that low, and I only started with 400.. I didnt' ask about debit cards, and she might not have known, but it seems to me it would be the same. I don't run that tight but I bet you can go in and put $20 or whatever on the pump and that is all they will take from the account. |
OT Credit card charging
On Mon, 26 Dec 2016 23:36:32 -0500, micky
wrote: In alt.home.repair, on Mon, 26 Dec 2016 22:42:07 -0500, wrote: On Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski wrote: SNIP Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I agree, except that if the debit card people can decide how much I really spent on gas, the CC people should be able to too. They usually work for the same company. So maybe they too take out 85 and then put back 54? But there's that problem again. What if you only have $35 left in the debit card and you need 34 dollars of gas? Are they going to refuse to let you get it? and if the DC can handle this, whyy not the CC. Simple - a debit card cannot authorize if you have less money in the account than you are asking for.. It is "direct bank transfer". It simply will not authorize and turn on the pump. This is AmEx, and they now have prepaid cards**, which are one form of debit card. You can get "prepaid credit cards" from Mastercard and Visa now too - basically "gift cards" **Not just for rich people anymore. They used to not be credit cards but charge cards. You had to pay the entire bill every month. My brother had one, and when he bought a car, he brought a check for the car but didn't included some of the add-on costs, so he charged them on the AmEx card, and went over his limit, and they cancelled him, even though they paid the charge and he paid them before the due date!! AMEX would give ANYONE a card, and often even a "no limit" platinum card, but they had NO leaway. If you missed a 10 cent balance you were DONE. They were like a payday loan - SHYSTERS. Then you could get a "for fee" card that gave you time to pay the balance at ridiculous interest rates Then all the banks decided to beat AMEX at their own game, providing no charge revolving credit cards, with interest only charged if not paid in full on the due date. I've seen the notification over the years, but don't recall where. BTW, restaurants do that too, putting in enough hold to cover a tip. Your hotel and car rental company will do the same. Never seen a restaurant do it, but around here we don't have to prepay at restaurants Since you are going to Europe, the best exchange rate I got was on my debit card. I have a few Euros at home to take, but stop at an ATM at the airport when I get there to get cash. Keep in mind, if your card has a daily limit, you can only take that amount in USD. I've seen people try to get 400 Euro when they have a $400 limit. |
OT Credit card charging
On Mon, 26 Dec 2016 20:47:52 -0500, micky
wrote: I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. I've never seen this at all, in my +30 years of CC use. The card charge is always the exact amount of the purchase. That includes gas, lodging and everything else. |
OT Credit card charging
On 12/26/16 9:35 PM, Ed Pawlowski wrote:
Since you are going to Europe, the best exchange rate I got was on my debit card. I have a few Euros at home to take, but stop at an ATM at the airport when I get there to get cash. Keep in mind, if your card has a daily limit, you can only take that amount in USD. I've seen people try to get 400 Euro when they have a $400 limit. Also let your card company know you are traveling. They might stop your card because of fraud concerns. While no problem with the debit card, much of Europe uses chip and PIN so you might want to find out the PIN for the charge card. Also, check in how they handle currency conversion. Don't know about debit cards, but many credit cards charge a %age of EVERY transaction for that. That can quickly eat up any advantage on the exchange rate. ' |
OT Credit card charging
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OT Credit card charging
On Tuesday, December 27, 2016 at 5:42:10 AM UTC-5, Vic Smith wrote:
On Mon, 26 Dec 2016 20:47:52 -0500, micky wrote: I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. I've never seen this at all, in my +30 years of CC use. The card charge is always the exact amount of the purchase. That includes gas, lodging and everything else. Of course the *charge* is the exact amount. But like Micky says, if you rent a car, rent a room, buy gas, the merchant very often runs the card and puts a hold on an amount to cover what you will typically spend. That way, come settle up time at the hotel, you don't wind up owing $250 and can't cover it. So, the hotel, if the nightly charge is $100, and you're staying one night, might get authorization for $150, to cover the one night, plus any mini bar, room service, etc. That $150 hold goes on and stays on, until the merchant sends in the final charge. |
OT Credit card charging
On Mon, 26 Dec 2016 20:47:52 -0500
micky wrote: I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? You are with the wrong bank. |
OT Credit card charging
In alt.home.repair, on Tue, 27 Dec 2016 06:30:16 -0800 (PST), trader_4
wrote: On Monday, December 26, 2016 at 11:36:40 PM UTC-5, micky wrote: In alt.home.repair, on Mon, 26 Dec 2016 22:42:07 -0500, wrote: On Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski wrote: SNIP Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I agree, except that if the debit card people can decide how much I really spent on gas, the CC people should be able to too. They usually work for the same company. So maybe they too take out 85 and then put back 54? They don't take out anything initially. They put a *hold* on a That's what I meant. max amount that they think you could pump into your car. That avoids all kinds of problems, like you pumping $60 and only having $25 in your account or credit limit. I don't mind the hold. What I mind is it taking more than 10 minutes to release it. Because in less than 10 minutes, I've stopped pumping, put the nozzle back on the pump, and printed the receipt But there's that problem again. What if you only have $35 left in the debit card and you need 34 dollars of gas? Are they going to refuse to let you get it? and if the DC can handle this, whyy not the CC. Get it out in cash at the ATM. Simple, problem solved. If there is one, and the ATM will only give out 20, not 35. That's about 250 miles and it might not be enough. How to get the other 15? But the woman on the phone had what sounds like the right idea, pay inside. Let him see or hold your card, charge when done, and there won't be any hold. |
OT Credit card charging
On Tue, 27 Dec 2016 11:47:12 -0500
micky wrote: In alt.home.repair, on Tue, 27 Dec 2016 06:30:16 -0800 (PST), trader_4 wrote: On Monday, December 26, 2016 at 11:36:40 PM UTC-5, micky wrote: In alt.home.repair, on Mon, 26 Dec 2016 22:42:07 -0500, wrote: On Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski wrote: SNIP Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I agree, except that if the debit card people can decide how much I really spent on gas, the CC people should be able to too. They usually work for the same company. So maybe they too take out 85 and then put back 54? They don't take out anything initially. They put a *hold* on a That's what I meant. max amount that they think you could pump into your car. That avoids all kinds of problems, like you pumping $60 and only having $25 in your account or credit limit. I don't mind the hold. What I mind is it taking more than 10 minutes to release it. Because in less than 10 minutes, I've stopped pumping, put the nozzle back on the pump, and printed the receipt But there's that problem again. What if you only have $35 left in the debit card and you need 34 dollars of gas? Are they going to refuse to let you get it? and if the DC can handle this, whyy not the CC. Get it out in cash at the ATM. Simple, problem solved. If there is one, and the ATM will only give out 20, not 35. That's about 250 miles and it might not be enough. How to get the other 15? But the woman on the phone had what sounds like the right idea, pay inside. Let him see or hold your card, charge when done, and there won't be any hold. What a tangled web you want to weave. |
OT Credit card charging
In alt.home.repair, on Tue, 27 Dec 2016 07:52:45 -0500, "Kurt V. Ullman"
wrote: On 12/27/16 12:44 AM, wrote: On Mon, 26 Dec 2016 23:36:32 -0500, micky Simple - a debit card cannot authorize if you have less money in the account than you are asking for.. It is "direct bank transfer". It simply will not authorize and turn on the pump. Yes and no. The problem in low balance situations where the debit card is tied to your checking account is that you can get authorization for it one minute and the next minute a check arrives that you didn't take into account. The hold from the card means you don't have enough money to pay the check and it bounces. Yes, that sort of thing. And they arrange it like this intentionally to get the bounce fee charge. Who knows when the gas station sent the final charge amount. Maybe it was indeed 10 minutes later, but they hold off reporting it for two days in order to get bounce check fees. (Even though I still had 3000 in the account.) I had/have an account at Bank of America and I was furious when I saw how they reordered checks that came in on the same day but not at the same time. They would pay the biggest ones first, maximizing the number of checks not yet paid when the account was empty, so they could maximize the number of bounced check fees they could charge. They could have done the opposite to minimize the number, or they could just pay them in the order they come in. I consider what they did outright theft. So I had occasion to open an account at the cowboy bank, Wells Fargo. And I told them why I didn't like BOA and we laughed about it. A year later I see in the paper that Wells Fargo was caught doing the same thing, and they hadn't stopped when BOA was caught. And then a year or two after that there is WF opening phony accounts so they can make extra charges! What thieves. There used to be honor in being a banker, but as a whole, they've ruined that. |
OT Credit card charging
In alt.home.repair, on Tue, 27 Dec 2016 04:42:04 -0600, Vic Smith
wrote: On Mon, 26 Dec 2016 20:47:52 -0500, micky wrote: I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. I've never seen this at all, in my +30 years of CC use. The card charge is always the exact amount of the purchase. That includes gas, lodging and everything else. I never saw it either when the minimum the bank noltified me about was $100, and even with the extra money on hold a gas purchase never came to 100, but with this new CC, I set it at $10** and I got an email saying $85. I throw the receipts on the car's floor, and they never actually get reconciled with the bank statement, but at least I had it until the next time I cleaned the car, to verify what the actual charge was. . **Since once I spend $1000 in the first ??90?? days I get 10,000 points, but after that, I don't plan to use the card except enough to keep it alive. I found out that checking account at WF goes dormant or somethilng after 11 months of no activity, after 12 months it's double-dormant (or whatever the word was) and after 3??? years they let it escheat to the state. One can still get the money back I think but it's a lot more trouble. |
OT Credit card charging
On Monday, December 26, 2016 at 10:42:11 PM UTC-5, wrote:
On Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski wrote: SNIP Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" Maybe there is no hold at a gas station, but there is at other businesses. I stayed at a hotel over the weekend. When I checked in the clerk said to me: "Because you are using a debit card, we are going to put a hold on your account equal to the amount of the reservation. The debit won't go through until you check out." When I checked my bank account later that day, the room charge was listed as "pending" and my available balance was that amount less than the actual balance. Many car rental companies will also put a hold on funds when renting with a Debit Card. This site details the policies of some of the major rental agencies. http://www.best-car-rental-tips.com/...-policies.html Just so that there is no misunderstanding as to what a "hold" is vs. a actual debit, take a look at the difference between Avis's policy and Enterprise's: Avis: "When using a debit card at Avis there is a minimum hold of the full amount including all taxes and surcharges of your rental. These funds will be frozen in your account; you will not have access to them during the period of your rental. The unused extra hold amount will be released at the end of the rental." Enterprise: At Enterprise "a minimum deposit plus the entire cost of the rental will be debited from the renter's account at the time of pickup." Per that site, it could take up to 15 days for Enterprise to *credit* the funds back to the account as opposed to being *released* by Avis at the end of the rental. There is a snack vending machine at my workplace where debit cards can be used. Up to 3 products can be purchased with one swipe. When I swipe my card, a hold is placed on my card in the amount of 3 x the price of the most expensive item. Overnight, the hold is released and the price of what I actually purchased is debited. |
OT Credit card charging
On Tue, 27 Dec 2016 11:47:12 -0500, micky
wrote: But the woman on the phone had what sounds like the right idea, pay inside. Let him see or hold your card, charge when done, and there won't be any hold. I already suggested that but just holding your card will not work for them. They will take a specific amount, load it on the pump when the charge clears and give you the card back tho. Just be sure your car will hold all of it because they may not be willing to refund the difference from the register and they also may not be willing to try to credit the money back on a debit, if that is even possible. It is not like a credit card. |
OT Credit card charging
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OT Credit card charging
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OT Credit card charging
On Tue, 27 Dec 2016 01:47:52 -0000, micky wrote:
I've used nothing but a debit card most of the time, and only need a credit card for renting a car. So I got one, The debit card is set up to notify me when a charge is made over their minimum amount, which is $100. I figured until I got used to the credit card, I would set that limit to their minimimum amount, $10. So last Thursday I bought gas. My tank holds a little over 16 gallons. An email comes shortly afterwards saying there is a pending charge on the card of $85, but I can't put $85 worth of gas in the car. And ~48 hours later, it becomes a permanent charge of $31. I understand that when someone rents something, or maybe stays in a hotel with room service or one of those very expensive vending machines, that the seller wants to reserve a fairly large amount of money, to cover future charges. In case the car isn't returned the day the renter says it will be, or so they won't have to interrupt the drunk guy spending $20 for a candy bar to make him put more money on his account. But when I pump gas, they may not know how much I'll pump when I start, but 5 or 10 minutes later, they know. Why did they keep $85 on reserve for two days?. What if someone is at the edge of his wallet and his credit and he needs to spend that 50?. I don't think anyone notifies anyone of this practice. If I didn't have the notification set below 100, I wouldn't know about this and I'll bet most people don't know. Even I don't know who all does it. Is it all gas stations? Only Shell? Only Maryland? Is it the opera? What if you get more popcorn there than you and they anticipate? The system is a piece of ****. It should operate very simply: You insert your card, the machine checks to see if you have say $100 or whatever a full huge tank would cost on a gas guzzler. If not, it finds out what you do have. That is your limit. The pump switches off after that. Then it charges you that amount hen you've finished fuelling. -- "Sex is one of the most beautiful, wholesome, and natural things that money can buy." -- Steve Martin |
OT Credit card charging
In alt.home.repair, on Tue, 27 Dec 2016 16:51:55 -0500, Ed Pawlowski
wrote: On 12/26/2016 10:42 PM, wrote: Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" They put a hold on for gas at some places. If you have $20 in your account and pump $30 in gas there would be a problem. I've seen the notification over the years, but don't recall where. BTW, restaurants do that too, putting in enough hold to cover a tip. Your hotel and car rental company will do the same. Never seen a restaurant do it, but around here we don't have to prepay at restaurants Sure, you do, sort of. When the restaurant runs your card for the bill, the have it approved for a lager amount as you will probably add a tip. They add about 25% and adjust after you sign. Another case where the actual bill is known soon after the estimated/maximum bill. I wonder if they take 2 days to adjust it, or if they do it a little after the customer leaves the restaurant. |
OT Credit card charging
On 12/27/2016 12:35 AM, wrote:
I didnt' ask about debit cards, and she might not have known, but it seems to me it would be the same. I don't run that tight but I bet you can go in and put $20 or whatever on the pump and that is all they will take from the account. If you go in and prepay it should be that way. At the pump is a different story. http://www.wcpo.com/money/consumer/d...ebit-card-hold http://budgeting.thenest.com/problem...mps-23710.html https://www.consumeraffairs.com/news...mp-091416.html |
OT Credit card charging
On Tue, 27 Dec 2016 03:42:07 -0000, wrote:
On Mon, 26 Dec 2016 21:35:34 -0500, Ed Pawlowski wrote: SNIP Common practice to put a substantial hold. Most gas companies do it. The 2 day hold is the fault of the CC company as it takes them that long to reconcile. OTOH, I've charged things and they don't show up until two days later. Depends what bank handles the card. Some are AWFUL and I would never deal with them, even as a brick and mortar bank. Good chance your debit card had the same hold too, but you may not have seen it. By it's very nature, a Debit card has no hold because it takes the money out of your account "immediately" I've seen the notification over the years, but don't recall where. BTW, restaurants do that too, putting in enough hold to cover a tip. Your hotel and car rental company will do the same. Never seen a restaurant do it, but around here we don't have to prepay at restaurants Rental car companies do it to steal money from you. I once rented a car and filled with gas five miles away from the place of return. They charged me 20 Euros for filling the tank. It can't have used much in five miles! -- Someone stole all my credit cards, but I won't be reporting it. The thief spends less than my wife did. |
OT Credit card charging
In article , NONONOmisc07
@bigfoot.com says... I've used nothing but a debit card most of the time, and only need a credit card for renting a car. Why do you just use debit cards ? I can not see any advantage except it only lets you spend the money you have. If you can pay off a credit card each month, there are many advantages. Most of them will give you from one to 5 % back on anything you buy. Seems like the debit cards throw away that small amount, which can amount to several hundred bucks a year. Some even extend the warranties on what you buy. |
OT Credit card charging
On 12/27/2016 7:47 AM, Kurt V. Ullman wrote:
Also, check in how they handle currency conversion. Don't know about debit cards, but many credit cards charge a %age of EVERY transaction for that. That can quickly eat up any advantage on the exchange rate. ' I found the best way in Europe is to use cash whenever possible. Merchants will often discount considerably for cash. Some hotels will charge in US dollars doing the exchange for their own fee. |
OT Credit card charging
In alt.home.repair, on Tue, 27 Dec 2016 16:57:07 -0500, Ed Pawlowski
wrote: On 12/27/2016 12:44 AM, wrote: This is AmEx, and they now have prepaid cards**, which are one form of debit card. You can get "prepaid credit cards" from Mastercard and Visa now too - basically "gift cards" We were going to send them to the out of state grandkids for Xmas, but they charge $5 for a $50 card. They were happy with Amazon cards. That's ridiculous. I was going to give a gift certificate for a sports ticket service once, and they *charged* for the gift certificate. It was too late for me to get anything else, but I never did that again. About 30 years ago. Ticketron? |
OT Credit card charging
On Tuesday, December 27, 2016 at 4:57:07 PM UTC-5, Ed Pawlowski wrote:
On 12/27/2016 12:44 AM, wrote: This is AmEx, and they now have prepaid cards**, which are one form of debit card. You can get "prepaid credit cards" from Mastercard and Visa now too - basically "gift cards" We were going to send them to the out of state grandkids for Xmas, but they charge $5 for a $50 card. They were happy with Amazon cards. You have to look carefully at all the fees and charges with any of those gift cards, prepaid debit cards, etc. Like you say, typically they hit you with an upfront fee right off the bat. Then some charge a monthly sevice fee of a couple bucks, whether you use it or not. They also charge for some transactions, eg at ATMs, etc. STore gift cards like HD, etc typically are good for the full amount and don't charge extra fees, but I'd be careful looking at them too. |
OT Credit card charging
On Tuesday, December 27, 2016 at 6:52:53 AM UTC-6, Kurt V. Ullman wrote:
On 12/27/16 12:44 AM, wrote: On Mon, 26 Dec 2016 23:36:32 -0500, micky Simple - a debit card cannot authorize if you have less money in the account than you are asking for.. It is "direct bank transfer". It simply will not authorize and turn on the pump. Yes and no. The problem in low balance situations where the debit card is tied to your checking account is that you can get authorization for it one minute and the next minute a check arrives that you didn't take into account. The hold from the card means you don't have enough money to pay the check and it bounces. My debit card has the ability to authorize payment if you don't have enough cash in your checking account. This is tied to a savings account but you are charged a 'convenience fee' for this feature which I *think* is $12.50. |
OT Credit card charging
In alt.home.repair, on Tue, 27 Dec 2016 17:17:15 -0500, Ed Pawlowski
wrote: On 12/27/2016 12:35 AM, wrote: I didnt' ask about debit cards, and she might not have known, but it seems to me it would be the same. I don't run that tight but I bet you can go in and put $20 or whatever on the pump and that is all they will take from the account. If you go in and prepay it should be that way. At the pump is a different story. Hey, these are about this very subject. Thanks for finding them. I didn't think to look on the web, maybe because I can't complain to the people on the web. http://www.wcpo.com/money/consumer/d...ebit-card-hold This one says pretty much what Wilkinson said. He sounded right to me. Despite what others here have said, this pretty much says that this doesn't happen with credit cards (except for a one dollar hold), but that doesn't make much sense to me. Just as someone can run out of money in his debit account, one can run out of credit in his credit account. And plenty of people do. http://budgeting.thenest.com/problem...mps-23710.html " Oil companies have no idea how much juice you're going to buy before you've finished filling up, so will have your bank freeze funds to cover your purchase." Actually they have a good idea. They know how much you've spent in the past, probably many times in the past. They can even index to the cost of gasoline if they want a little more precision. And they know exactly 10 minutes later. I don't object to the hold, only to it extending beyond the time the buyer puts the nozzle back on the pump and ends the purchase. (A little longer than the time it takes to fill a tank.) {Final charge reporting } "can take as long as 72 hours.", but in the first url above, it said federal law limited it to 24 hours. For me it was a bit over 48 or 50. https://www.consumeraffairs.com/news...mp-091416.html This one is about skimming card numbers Do you think the chip-cards will make that a) impossible? b) less likely? |
OT Credit card charging
On 12/27/2016 7:28 PM, micky wrote:
Despite what others here have said, this pretty much says that this doesn't happen with credit cards (except for a one dollar hold), but that doesn't make much sense to me. Just as someone can run out of money in his debit account, one can run out of credit in his credit account. And plenty of people do. That is a money making opportunity. Most CC will let you go a bit over your limit and they charge you a fee to do it. Epensice load for a few bucks over. https://www.consumeraffairs.com/news...mp-091416.html This one is about skimming card numbers Do you think the chip-cards will make that a) impossible? b) less likely? Supposed to help. It generates a one use code that even if copied won't work again. |
OT Credit card charging
On 12/27/2016 6:50 PM, ItsJoanNotJoann wrote:
My debit card has the ability to authorize payment if you don't have enough cash in your checking account. This is tied to a savings account but you are charged a 'convenience fee' for this feature which I *think* is $12.50. I eliminated that. I'd rather be denied than spend an extra $12.50. |
OT Credit card charging
On Tuesday, December 27, 2016 at 8:28:52 PM UTC-6, Ed Pawlowski wrote:
On 12/27/2016 6:50 PM, ItsJoanNotJoann wrote: My debit card has the ability to authorize payment if you don't have enough cash in your checking account. This is tied to a savings account but you are charged a 'convenience fee' for this feature which I *think* is $12.50. I eliminated that. I'd rather be denied than spend an extra $12.50. Yeah, mine has the ability to deny or accept. Thankfully it's not an included feature that I cannot control. |
OT Credit card charging
On Tue, 27 Dec 2016 21:24:06 -0500, Ed Pawlowski wrote:
That is a money making opportunity. Most CC will let you go a bit over your limit and they charge you a fee to do it. Epensice load for a few bucks over. I have gone over my credit limit a few times and all that happened was I got a letter saying they raised my credit limit. I suppose they were thinking if it got high enough I would not pay it off the first month the bill came. They are on auto pay now so it really acts like a debit with the protections you get with a CC and I get cash back. |
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