geniusboy says dont spend money in any form or fashion

3/10/2011 2:48:37 PM

pretty sure that's is exactly not what I'm saying.

3/10/2011 2:49:09 PM

No, he's right. You are way more protected when you pay cash.

3/10/2011 2:50:22 PM

everyone needs a Costanza wallet, and a bunch of napkins to even out the other back pocket

3/10/2011 2:51:04 PM

Good thing I always carry cash

Debit cards are for the poor and stupid

3/10/2011 2:54:04 PM

yeah, especially when people try to use one that has been chewed up by their dog at one of the busiest ATMs in Charlotte

3/10/2011 2:56:35 PM

You guys are probably mixed up because you don't know the fine difference between a check/debit/credit card.

3/10/2011 2:56:58 PM

^^^ until you lose your wallet. it's pretty hard to cancel cash

[Edited on March 10, 2011 at 2:57 PM. Reason : a]

3/10/2011 2:57:13 PM

Wallets? What is this, amateur hour?

I use a money clip. Keep the big bills on the outside.

3/10/2011 2:59:35 PM

i know my system works for me

3/10/2011 2:59:51 PM

baller son

3/10/2011 3:00:08 PM

Quote :

"Actually, you only get 5% on the place you spend the most money. All other purchases get less than 1%... most of the time being 0.5%... and only 1% if you spend more than $3000. Read the fine print. Credit companies aren't stupid nor are they in business to lose money. Work the math out on paper and you'll see how you're being played."

hahahahahahaha...okay, kid...i have almost $800 in my discover cashback account, and that's less than 10 months of purchases...at 1% (and only then if i spend more than $3000!), i must be freakin' scrooge mcduck and didn't know it

Quote :

"You can't compete without accepting credit cards because of America's dependency on them. Even Chinese takeout accepts credit cards and that says A LOT. If you disagree, I welcome you to prove me wrong by starting a business that doesn't accept credit cards."

exactly my point, kiddo...you should realize ahead of time that it costs money to play the game

Quote :

"Well, don't whine to me when you are denied financial and consumer freedom because the government knows everything you're doing."

uh...what? conspiracies much?

3/10/2011 3:01:11 PM

the government is gonna dangle my affinity for chick-fil-a over my head one day, i just know it

3/10/2011 3:02:28 PM

My company didn't even accept cash until about a year ago. It was strictly Credit/Debit only. And even now we try to deter people from paying their bills in cash. If you pay with a card it's free, if you pay cash it's a $6.99 "Cash Processing Fee".

[Edited on March 10, 2011 at 3:04 PM. Reason : a]

3/10/2011 3:04:11 PM

ITT, quagmire admits he didn't read the rewards card fineprint.

3/10/2011 3:04:18 PM

well dj, I would use my credit card for your company ... if I really wanted its services. I wouldn't feel bad about your company losing 3% of your money for being dumbfucks.

[Edited on March 10, 2011 at 3:09 PM. Reason : .]

3/10/2011 3:08:35 PM

ITT (and every other thread), NotSoGeniuSxBoY demonstrates that in addition to being a poor businessman, he has but a tenuous grasp of basic finances

3/10/2011 3:09:12 PM

Great quagmire, send me a link to the exact credit card you have and I'll post the fine print in here.


let me help you

http://www.doughroller.net/credit-cards/discover-more-credit-card/

Quote :

"# 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more # Up to 1% unlimited Cashback Bonus on all other purchases "

[Edited on March 10, 2011 at 3:10 PM. Reason : .]

3/10/2011 3:09:57 PM

I would have to agree, it's a pretty stupid policy. I have yet to find out the reasoning behind it.

3/10/2011 3:10:00 PM

The reasoning behind it is fraud protection. Protecting itself from employee theft. I assume your company deals with high dollar transactions.

[Edited on March 10, 2011 at 3:13 PM. Reason : .]

3/10/2011 3:12:44 PM

^^^ i'm confused as to what you're "showing" me

i'll tell you what, though, that (nearly) $800 sure does look nice in my account...

[Edited on March 10, 2011 at 3:13 PM. Reason : i suspect i'm getting trolled ]

3/10/2011 3:13:15 PM

no shit you're confused.

3/10/2011 3:13:41 PM

Go easy on quag, 800 is probably two weeks pay for him

[Edited on March 10, 2011 at 3:14 PM. Reason : xx]

3/10/2011 3:13:58 PM

^^ says the guy who ran a restaurant into the ground and still thinks it the fault of everyone but himself...

^ actually...yeah

[Edited on March 10, 2011 at 3:14 PM. Reason : slave with the sick burn?]

3/10/2011 3:14:24 PM

Hehe

3/10/2011 3:15:04 PM

Quote :

"The reasoning behind it is fraud protection. Protecting itself from employee theft. I assume your company deals with high dollar transactions."

Not even close. The average transaction is probably $40-$50. The real reason is that the company wants everyone to have a card on file so they can auto-bill it and have a "relative" guarantee that a customer will pay their bill every month.

3/10/2011 3:16:48 PM

That's not just a good reason, that's a great reason to only accept CCs.

3/10/2011 3:19:44 PM

Well I guess the trade-off of adding Cash customers that we would have otherwise not had as customers is worth the risk of them not paying their bills, plus the additional $7 in revenue they get from each of those customers a month.

3/10/2011 3:22:49 PM

i gotta say, this thread just reinforces the fact that i'm smarter than GeniuSxBoY

not that it takes much, but still

3/10/2011 3:23:33 PM

How can you not understand the pwnage that was just laid upon your ass? I mean I quoted and bolded and linked exactly where you are wrong.

3/10/2011 3:25:42 PM

hahahahahahaha

keep trying, kiddo...really, please, it's funny

3/10/2011 3:26:48 PM

It's not funny, it's sad. for you.

3/10/2011 3:27:21 PM

TOO BAD, SO SAD

3/10/2011 3:28:13 PM

You DO know that you gave away that you're trolling back when you said "I suspect i'm getting trolled " right?

[Edited on March 10, 2011 at 3:29 PM. Reason : .]

3/10/2011 3:29:34 PM

i don't know that the one who actually KNOWS how his credit card works is trolling to say as much...but if that makes you feel better as a failed businessman, i encourage you to keep thinking i'm over here crying because of the money discover has given me (especially since i haven't paid them a penny because, well, i'm not an idiot)

3/10/2011 3:31:10 PM

You're bragging about using a Discover card?

3/10/2011 3:43:50 PM

AND an REI visa!

no, no, i'm bragging about getting free money on a regular basis...is there some reason i shouldn't be happy to get money for nothing?

3/10/2011 3:48:45 PM

and your checks for free?

3/10/2011 3:50:46 PM

who in the world still uses checks?

the last time i used checks was when i rented an apartment and now i own a house, so...

[Edited on March 10, 2011 at 3:54 PM. Reason : the ones i have, though, still have my address from 6 years ago on them]

3/10/2011 3:52:50 PM

Quote :

"vote with your feet. pretty simple. plenty of banks to choose from that are less evil."

since i directly lobby on this issue ill just throw in that unfortunately, it's not an issue that market forces will be able to overcome. all financial institutions would end up doing this eventually, the larger ones will just be able to delay it longer, but the loss in income from interchange fees will eventually cause them to reduce other account benefits to compensate. the smaller ones will be affected the most based entirely on scale of operations within the context of the same fee size change.

that said there is a legislative instrument in both the house and senate to delay this portion of the dodd frank act, if not outright remove it. removal is unlikely, but delay and study is a likely option. Dick Durbin left a bad taste in a lot of people's mouths, no homo

[Edited on March 10, 2011 at 3:58 PM. Reason : .]

3/10/2011 3:56:03 PM

Agent 0 is a lobbyist?

Funny, this whole time I thought he was in health care

3/10/2011 3:57:16 PM

i used to lobby health care issues, when i wasnt brandishing guns in the locker room.

3/10/2011 3:58:57 PM

haha

agent 0 is a k street asshole?

3/10/2011 4:04:25 PM

No one in the world uses checks. When I paid my friend the dues for our keeper league I used cold sticky rolls of quarters.

3/10/2011 4:04:48 PM

were they sticky because they had previously been up your ass?

3/10/2011 4:06:10 PM

Someone tried to pay me with a check for our fantasy football entry fee.

I told him to fuck off and and auctioned off his players in a dispersal draft.

3/10/2011 4:06:24 PM

Rudy would just eat that one too

3/10/2011 4:08:36 PM

3/10/2011 4:10:32 PM

Quote :

"were they sticky because they had previously been up your ass?"

yes.

3/10/2011 4:16:22 PM

and THAT is the reason why i wash my hands after handling money

not before sniffing them, though

3/10/2011 4:18:12 PM