08-10-2009, 07:58 AM
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Confirmed User
Join Date: Aug 2001
Posts: 1,922
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Quote:
Originally Posted by baddog
No kidding.
I do not believe it for a minute. There is much more to this story. For instance, most places have a minimum purchase that must be made in order to pay with a credit card. It costs money to accept payments by cc.
Who the hell pays for a $.75 transaction with a credit card anyway?
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I'm talking about debit cards not credit cards; completely different form of payment.
Quote:
NEW YORK ? Tracy Hickman's dinner for three at Taco Bell cost $11.99. She ended up paying $300 for overdraft charges triggered by the meal and other debit purchases.
Hickman says the expense resulted from delays in processing her child-support check at the Zanesville, Ohio, branch of National City Bank. The 45-year-old customer service representative said she uses a debit card more frequently these days after canceling her credit cards because of high fees.
"I stopped using credit cards to keep me out of trouble and then got hit with overdraft fees," Hickman said. "It's not fair."
Customers are shifting to debit transactions from charge cards as banks have lowered credit lines and closed inactive accounts. Debit cards will be used in 60.2 percent of card transactions in 2010, or about $40 billion, up from 58.2 percent in 2008, according to the Nilson Report , an industry newsletter.
http://www.statesman.com/business/co...verdrafts.html
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