#3139228 - 01/25/13 04:18 PM
New credit card charges.
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dr
10 Point
Registered: 02/24/03
Posts: 3458
Loc: USA
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A new law, reported on Fox. Many stores, and gas stations will start adding 4% to purchases, if you select credit, which gets run through your card company. To avoid the fee, Dave Ramsey said to select debit, and enter your pin #. This will deduct the money straight from your account, like an ATM withdrawal.
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I spent most of my money on Huntin and fishin, the rest I squandered.
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#3139238 - 01/25/13 04:26 PM
Re: New credit card charges.
[Re: dr]
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Kimber45
Keeper of the Classifieds
16 Point
Registered: 07/10/08
Posts: 10893
Loc: Close to Jackson, TN
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So when did that start? Using your pin# in some places is not smart
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Patriotism is not short, frenzied outbursts of emotion, but the tranquil and steady dedication of a lifetime.
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#3139264 - 01/25/13 04:45 PM
Re: New credit card charges.
[Re: Kimber45]
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muddyboots
12 Point
Registered: 11/06/02
Posts: 5923
Loc: savannah, tn., usa
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They do it here. The only problem with debit is they decuct more than purchase and then refund the rest a few days later. My bank told me to run debit cards as credit to avoid that but now it is a charge to use a credit card so i guess i will go back to cash.
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X Force is Bad!
Let em go and let em grow!
There is a difference in a turkey killer and a turkey hunter!
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#3139285 - 01/25/13 04:54 PM
Re: New credit card charges.
[Re: muddyboots]
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William
TnDeer Old Timer
8 Point
Registered: 10/25/99
Posts: 1850
Loc: Kingston, TN
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Tennessee needs a law that prohibits credit card surcharges. New York, California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, Oklahoma and Texas already prohibit it.
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#3139294 - 01/25/13 04:59 PM
Re: New credit card charges.
[Re: William]
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Mr.Bro
8 Point
Registered: 08/02/09
Posts: 2354
Loc: Hendersonville Tn.
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Most small business already add the surcharge to the price as listed.Just ask for a cash discount price.
I believe Guns and Leather gives discount for cash.3% if i remember correctly.
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Fight Organized Crime-Reelect No one.
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#3139302 - 01/25/13 05:05 PM
Re: New credit card charges.
[Re: Vermin93]
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encore06
14 Point
Registered: 12/08/06
Posts: 9365
Loc: Harrogate, TN
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From the above link:
What are your rights and retailers’ responsibilities?
Checkout fees are only permitted on credit and charge cards, NOT debit cards.
Checkout fees are illegal and, therefore, not allowed in 10 states. The laws of each state would determine whether it would be legal for companies based in other states to charge residents of its state. Residents of these states who encounter retailer checkout fees can report them to the state attorney general. These states include:
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God Bless, Carl
Jer 29:11 For I know the thoughts that I think toward you, says the Lord, thoughts of peace and not of evil, to give you a future and a hope.
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#3139306 - 01/25/13 05:06 PM
Re: New credit card charges.
[Re: Kimber45]
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dr
10 Point
Registered: 02/24/03
Posts: 3458
Loc: USA
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So when did that start? Using your pin# in some places is not smart
I agree with using your pin, might have to go back to cash. It"s been on Fox news today, and was passed recently. The states mentioned in one of the above posts are exempt.
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I spent most of my money on Huntin and fishin, the rest I squandered.
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#3139320 - 01/25/13 05:16 PM
Re: New credit card charges.
[Re: dr]
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Vermin93
8 Point
Registered: 12/11/10
Posts: 2217
Loc: Dallas, TX & Signal Mtn, TN
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Thanks to competition, I don't think this will have a big impact. There was nothing keeping merchants from raising the price of their products a few percent to cover the fee they have to pay to the credit card networks. Now they can just cover those fees openly if they so choose. The important thing is having competition to keep the total cost of products (product price + sales tax + checkout fees) as low as possible.
Merchants like Buds Gun Shop have offered "cash discounts" for a while now. Same concept.
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#3139323 - 01/25/13 05:16 PM
Re: New credit card charges.
[Re: dr]
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Bigg'un4214
8 Point
Registered: 05/10/04
Posts: 2395
Loc: east tn
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My bank is offering cash back on credit card purchases instead of debit card.
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