Have a bank account in the USA? Probably want to read this. - Page 2 - GoFuckYourself.com

woj · 03-11-2011, 08:25 AM

$50 limit

NikKay · 03-11-2011, 09:44 AM

I use a credit card for everything and pay it off in full every month so I never pay interest on them at all. We get hundreds of dollars back a year in cash back bonuses, and if I ever have a problem with a merchant my credit card company will remove the charge from my account same day. My bank will not do that for charges on my debit card. Once an unauthorized charge resulted in multiple overdrafts and my bank wouldn't reverse the overdraft fees that resulted... that doesn't happen with my credit card companies.

sperbonzo · 03-11-2011, 09:46 AM

Quote:

Originally Posted by woj

fairer? Who is there to judge if 12 cents per transaction or 25 cents per transaction is fair? certainly not you or some politician... if you feel the fee is not fair, then don't use it, it's not like anyone is forcing anyone to use debit cards...

How fair would it be if someone decided that porn membership's "fair" price is $10/month and you can't charge more than that? or that you can't charge more than $25/hr for your work?

They'll start targeting cell phone companies telling them that 10 cents per SMS is not fair, that 2 cents is more fair? or that paypal can't charge 2.9% fee, that 0.9% is "fair"? wtf are you guys smoking?

"fair" is charging whatever you want and letting the customers decide if that price is fair...

Bingo....

.

Rochard · 03-11-2011, 09:59 AM

Quote:

Originally Posted by Seth Manson

Just like AaronM, I dont have credit cards. Dont need credit cards with a 6 figure income.

Home and vehicle are all I have financed, and didnt really need to finance the vehicle.

I have a $5000 daily limit on my debit card and I wont like that being reduced at all.

Sure, using it as a credit card works fine and racks up reward points. But it costs merchants more to process credit vs debit, and once you take the debit option away the merchants are going to raise their fees to cover their loss. In the end, the consumers get fucked. Like always.

Pretty much the only time I use my debit card and its less than $100 is for lunch or gas.

I'm the same way, have been like this since 1995.

One time in Phoenix while working for Lightspeed Cash I decided to open up a credit account at a jewelery store a few weeks before Valentine's day because I wanted to buy my wife something nice with her seeing it in our bank account. The chick who opened up the account read my application and said "Mr Buss, your supposed to put down your monthly income, not your yearly income". Seems what I listed for my monthly income was what most of her customers make in a year.

beemk · 03-11-2011, 10:17 AM

Quote:

Originally Posted by Rochard

I'm the same way, have been like this since 1995.

One time in Phoenix while working for Lightspeed Cash I decided to open up a credit account at a jewelery store a few weeks before Valentine's day because I wanted to buy my wife something nice with her seeing it in our bank account. The chick who opened up the account read my application and said "Mr Buss, your supposed to put down your monthly income, not your yearly income". Seems what I listed for my monthly income was what most of her customers make in a year.

Honez · 03-11-2011, 10:19 AM

Quote:

Originally Posted by Wizzo

It would be for Debit Purchases only, you still could make credit purchases with your debit card for over that limit. Which I do anyway to collect airline miles.

I do the same.

jimmy-3-way · 03-11-2011, 10:21 AM

Quote:

Originally Posted by Rochard

I'm the same way, have been like this since 1995.

One time in Phoenix while working for Lightspeed Cash I decided to open up a credit account at a jewelery store a few weeks before Valentine's day because I wanted to buy my wife something nice with her seeing it in our bank account. The chick who opened up the account read my application and said "Mr Buss, your supposed to put down your monthly income, not your yearly income". Seems what I listed for my monthly income was what most of her customers make in a year.

Ah this made up story never gets old.

Kimmykim · 03-11-2011, 10:52 AM

I call bullshit. The banks allow the merchants to collect a fee for taking a debit card, no one is losing any money or going to -- the disclosure is what makes it doable.

The first bank to try and cap debit transaction amounts will be the last one.

Not going to happen.

_Richard_ · 03-11-2011, 10:55 AM

big wow.

Atticus · 03-11-2011, 11:21 AM

Quote:

Originally Posted by AaronM

PayPal business debit card gets around that most of the time.

Also, most rental car companies will rent to non-locals with a debit card if they have a return flight, train, bus ticket.

Or you could, oh I dont know, get a fucking credit card. And who the hell goes via bus?

If a person is choosing to travel by bus there is a reason they dont have a cc, and it's not by choice.

And how do you stay at a hotel? Most decent hotels ask for a cc (and not a debit card) for incidentals.

What your basically saying is you have absolutely zero self control to obtain a cc for travel and pay it off every month. You'll just go max it out.

Barry-xlovecam · 03-13-2011, 07:09 PM

http://www.businessweek.com/magazine...gn_id=rss_null

This may be bigger than you think ...

DangerX !!! · 03-13-2011, 07:28 PM

Then debits cards would be as good as useless. For example I very rarely do less than $50, I prefer to buy in bulk to get lower price. $50 lol you've gotta be kidding me, the half of all web scripts cost more than $100... Even good food cost more.

glowlite · 03-13-2011, 09:25 PM

Quote:

Originally Posted by AaronM

PayPal business debit card gets around that most of the time.

Also, most rental car companies will rent to non-locals with a debit card if they have a return flight, train, bus ticket.

Only because it's linked to another card or bank account.

wdsguy · 03-13-2011, 09:35 PM

I NEVER use my debit card.

CC always

1. You get Points
2. If it gets stolen I don't have to worry about the charges
3. It gets paid off every month

DBS.US · 03-13-2011, 09:44 PM

I don't pay fees, fees are for the poor

bDok · 03-13-2011, 11:13 PM

Quote:

Originally Posted by PStarks

reward cards are where it is at. I make about 700 bucks a year on misc rewards across my credit cards and pay off my balance weekly to avoid EVER paying interest. You can not go wrong with 1%~5% cash back on every dollar you spend. Just think about the good old days before the credit crunch when some people lived off exploiting credit reward deals. I have know people that used to get paid 1000 bucks a month just for using some reward cards the smart way.

This is how I use credit. It's great to take a trip or two a year for free on the fact I just used my credit cards to pay for shit.

chaze · 03-13-2011, 11:43 PM

Wow that would fuck up so much. Finally people are getting away from credit and now the man knocks them back down.

But also I am sure it will be different for different people and accounts.

NETbilling · 03-14-2011, 12:15 AM

It could definitely effect sales and recurring revenues.

PStarks · 03-14-2011, 04:48 PM

Well I am glad most people are using credit cards the correct way. To everyone else that is afraid of touching them just remember you could burn your house down with the stove yet you use it to cook every day. The rewards outweigh the risks any way you stack it as long as you use it correctly... Kinda like your stove :P

03-11-2011, 08:25 AM	#51
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	$50 limit __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

03-13-2011, 07:28 PM	#62
DangerX !!! Confirmed User Industry Role: Join Date: Feb 2011 Location: La Isla Bonita Power Level: ❤❤❤❤❤❤❤❤❤❤ Posts: 886	Then debits cards would be as good as useless. For example I very rarely do less than $50, I prefer to buy in bulk to get lower price. $50 lol you've gotta be kidding me, the half of all web scripts cost more than $100... Even good food cost more. __________________ This is sig area!

03-13-2011, 09:44 PM	#65
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,832	I don't pay fees, fees are for the poor __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

03-14-2011, 12:15 AM	#68
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	It could definitely effect sales and recurring revenues. __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

03-14-2011, 04:48 PM	#69
PStarks Confirmed User Industry Role: Join Date: Feb 2011 Posts: 158	Well I am glad most people are using credit cards the correct way. To everyone else that is afraid of touching them just remember you could burn your house down with the stove yet you use it to cook every day. The rewards outweigh the risks any way you stack it as long as you use it correctly... Kinda like your stove :P __________________ Hot Ex GF Pics Blog

03-11-2011, 09:44 AM	#52
NikKay Confirmed User Industry Role: Join Date: Aug 2001 Posts: 1,642	I use a credit card for everything and pay it off in full every month so I never pay interest on them at all. We get hundreds of dollars back a year in cash back bonuses, and if I ever have a problem with a merchant my credit card company will remove the charge from my account same day. My bank will not do that for charges on my debit card. Once an unauthorized charge resulted in multiple overdrafts and my bank wouldn't reverse the overdraft fees that resulted... that doesn't happen with my credit card companies.

03-11-2011, 10:52 AM	#58
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	I call bullshit. The banks allow the merchants to collect a fee for taking a debit card, no one is losing any money or going to -- the disclosure is what makes it doable. The first bank to try and cap debit transaction amounts will be the last one. Not going to happen.

03-11-2011, 10:55 AM	#59
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	big wow.

03-13-2011, 07:09 PM	#61
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	http://www.businessweek.com/magazine...gn_id=rss_null This may be bigger than you think ...

03-13-2011, 09:35 PM	#64
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	I NEVER use my debit card. CC always 1. You get Points 2. If it gets stolen I don't have to worry about the charges 3. It gets paid off every month

03-13-2011, 11:43 PM	#67
chaze Confirmed User Industry Role: Join Date: Aug 2002 Posts: 9,752	Wow that would fuck up so much. Finally people are getting away from credit and now the man knocks them back down. But also I am sure it will be different for different people and accounts.