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#3139228 - 01/25/13 04:18 PM New credit card charges.
dr
10 Point


Registered: 02/24/03
Posts: 4202
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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"Any man who thinks he can be happy and prosperous by letting the government take care of him --- better take a closer look at the American Indian." Henry Ford

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#3139238 - 01/25/13 04:26 PM Re: New credit card charges. [Re: dr]
Kimber45 Moderator
Peace Maker
16 Point


Registered: 07/10/08
Posts: 17677
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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#3139264 - 01/25/13 04:45 PM Re: New credit card charges. [Re: Kimber45]
muddyboots
12 Point


Registered: 11/06/02
Posts: 6960
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!
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#3139285 - 01/25/13 04:54 PM Re: New credit card charges. [Re: muddyboots]
William
TnDeer Old Timer
8 Point


Registered: 10/25/99
Posts: 1855
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]
Mr.Bro
10 Point


Registered: 08/02/09
Posts: 2777
Loc: Hendersonville Tn.

content Online
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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#3139295 - 01/25/13 05:00 PM Re: New credit card charges. [Re: dr]
Vermin93
12 Point


Registered: 12/11/10
Posts: 5358
Loc: Dallas, TX & Signal Mtn, TN

shocked Online
Good information and some advice here:

Credit card checkout fees - Consumer rights and retailer responsibilities
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“The more I read and the more I listen, the more apparent it is that our society suffers from an alarming degree of public ignorance” - Retired Supreme Court Justice Sandra Day O’Connor

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#3139302 - 01/25/13 05:05 PM Re: New credit card charges. [Re: Vermin93]
encore06
16 Point


Registered: 12/08/06
Posts: 10526
Loc: Harrogate, TN

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 Originally Posted By: Vermin93


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]
dr
10 Point


Registered: 02/24/03
Posts: 4202
Loc: USA

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 Originally Posted By: Kimber45
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.
_________________________
"Any man who thinks he can be happy and prosperous by letting the government take care of him --- better take a closer look at the American Indian." Henry Ford

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#3139320 - 01/25/13 05:16 PM Re: New credit card charges. [Re: dr]
Vermin93
12 Point


Registered: 12/11/10
Posts: 5358
Loc: Dallas, TX & Signal Mtn, TN

shocked Online
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.
_________________________
“The more I read and the more I listen, the more apparent it is that our society suffers from an alarming degree of public ignorance” - Retired Supreme Court Justice Sandra Day O’Connor

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#3139323 - 01/25/13 05:16 PM Re: New credit card charges. [Re: dr]
Bigg'un4214
10 Point


Registered: 05/10/04
Posts: 2591
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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