yeah they're still taken care of by the name on the card (visa)

it still sucks cause you won't get your money back for a week or two which if you are operating month to month can fuck you hard but it works.


We had a guy order $4000 from dell on ours once... needless to say his ass got arrested cause we gave the police the tracking #s and they put an undercover to watch the boxes.

8/16/2012 2:41:52 PM

There certainly is legislation that passed for it.

[Edited on August 16, 2012 at 2:48 PM. Reason : or a court case ruling on it.]

8/16/2012 2:42:09 PM

Quote :

"I don't think there's any legislation about this. It's the merchant agreements that stores sign with credit card companies that say they can't do shit like this. I get livid at shitheads that have minimums for card purchases."

I agree about the minimums sucking; but I thought recent legislation impacted what could be in the agreements, such as allowing minimum purchase amounts for credit cards (which was previously a violation of at least the visa merchant agreement). Maybe I'm remembering incorrectly.

[Edited on August 16, 2012 at 3:08 PM. Reason : .]

8/16/2012 3:08:44 PM

Bingo:



What the Dodd-Frank Act means for you

Change at the register

The Federal Reserve would oversee interchange fees charged for the processing of debit card transactions. These fees must be "reasonable and proportional" to the costs incurred by the payment card network, such as Visa and MasterCard, and issuer in the processing of the payment. The reasonable fee requirement doesn't apply to debit card issuers with less than $10 billion in assets.

Payment networks can't block retailers from offering discounts to customers for using cards tied to a competing payment brand, as long as the discount doesn't discriminate against any issuers. Payment networks also can't restrict retailers from offering incentives for using any general form of payment over another, such as cash instead of cards, or debit cards instead of credit cards. Basically, merchants can offer discounts as long as they those discounts don't discriminate towards cards issued by particular financial institutions.

The bill also says that payment networks can't block merchants from setting minimum and maximum transaction amounts for the acceptance of payment cards, as long as the transaction restrictions apply to all issuers and payment networks.

http://www.bankrate.com/financing/credit-cards/what-the-dodd-frank-act-means-for-you/#ixzz23jop1UbT

8/16/2012 3:11:58 PM

Hmm, it seems my credit scores have increased since March, when I began mortgage shopping, even with a few inquires since then and a closed account (by merchant) at the end of last year. Nice!

nope, was thinking of earlier scores. only went down by 1, 0, and 8.

[Edited on September 5, 2012 at 2:54 PM. Reason : .]

9/5/2012 2:41:50 PM