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why did this start again?

October 14th, 2019 at 12:03 pm

I went across the state to see some family.
Lately i have noticed what i would consider places reverting back to practices i thought were gone.

when many places Started to take credit they set out minimum purchase or sometimes a fee to take credit and i had HEARD that some places have a block dollar hold until the transaction is complete like if you bought gas it may put a pending $100 until your purchase clears.

All of those things kind of disappeared for awhile (years) in my area.... now it is Back.
I am not sure why and i understand from the retailers standpoint the fees with credit are probably really eating into their income but i just seemed surprised this popped up. I check my accounts and almost freaked out it said i bought $100 in gas but it cleared as the $24 i actually spent.
Maybe in different areas this practice never stopped but in my area i am just noticing it coming back more and more with signs stating minimum $ for credit purchases etc.
The gas thing I remembered that was the practice before so i did not go into full WTH mode and make calls and it worked itself out as it processed but maybe someone did not have that leeway to have a hold on that extra money. they should let people KNOW put up a sign if there is a hold until processed.


perhaps people figured out that taking cards so they did not limit customers did not pan out and they are now forced to rethink if it is worth it.

Posted in Credit Cards | 4 Comments »

4 Responses to “why did this start again? ”

  1. Kymberlee Fisher Says:
    October 14th, 2019 at 11:49 pm 1571096982
    1571096982


    IF you used your debit card, there is some reason they will put it thru for more than the actual sale amount. I have seen this at various (different brands)gas stations. I use my debit card but I use it as a credit card at the pump and have never had the issue you did.


  2. Lucky Robin Says:
    October 14th, 2019 at 11:53 pm 1571097212
    1571097212

    I think it also depends on whether their machine is capable of doing an online transaction or only an offline transaction. The latter takes longer to clear, but will show up as pending. You may be frequenting places with the older machines. Gas stations usually have the older style machines. I mostly use cash at gas stations so do not really run into this much.

  3. Smallsteps Says:
    October 15th, 2019 at 02:27 am 1571106429
    1571106429

    on the forums Disneysteve said there was a change in law recently that have allowed some practices like minimum payments and fee to cover processing etc come back.

    The gas stations i had used many times before never did this until very recent. it was a CREDIT card not debit. so maybe this practice came back too. perhaps to encourage people to use cash since it shocked me at first until the correct amount was finally processed.

  4. rob62521 Says:
    October 15th, 2019 at 08:09 pm 1571170199
    1571170199

    Years ago we had a booth in an antique mall and every time someone used their credit card, we had to pay part of the fee. It was frustrating since we didn't have expensive stuff to begin with and it really cut into what little profit we were making. I just assume it is the way for the business to have the consumer pay part of the fees.

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