[kwlug-disc] Cash becoming illegal?

rbclemen at gmail.com rbclemen at gmail.com
Fri Nov 5 14:59:33 EDT 2010

Essentially Visa Debit is indistinguishable from pre-paid credit cards, except for the fee schedule

Sent wirelessly from my BlackBerry device on the Bell network.
Envoyé sans fil par mon terminal mobile BlackBerry sur le réseau de Bell.

-----Original Message-----
From: William Park <opengeometry at yahoo.ca>
Sender: kwlug-disc-bounces at kwlug.org
Date: Fri, 5 Nov 2010 14:37:28 
To: KWLUG discussion<kwlug-disc at kwlug.org>
Reply-To: KWLUG discussion <kwlug-disc at kwlug.org>
Subject: Re: [kwlug-disc] Cash becoming illegal?

On Fri, Nov 05, 2010 at 02:13:16PM -0400, Eric Gerlach wrote:
> On Fri, Nov 5, 2010 at 2:08 PM, Phil Longstaff <plongstaff at rogers.com> wrote:
> > Conversely if you were told you would be charged that same 2% to
> > 4% more because you're using a credit card would you still use it?
> Worst part is, as a vendor we're not allowed to charge different
> prices for credit cards.  Part of the agreement.

Yes, you can't charge more.  But, you can charge less, hence "cash
discount" that you see at most computer stores.

> > Visa actually introduced a new credit card last year, I forget the name. It
> > added an extra couple of percent to the amount charged to vendors. The
> > vendors contractually could not refuse to take payment using this card.
> > Again the customer was unaware of the extra charge but the vendors were
> > furious.
> Visa Debit cards.  You get charged the percentage fee of Visa, and the
> per transaction fee of a Debit card!  It's two, *two*, *TWO* fees in
> one!

Visa Debit?  Isn't debit supposed to be from Bank account directly?

> Cheers,
> Eric


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