Vermont Limits Swipe Fees- Allows $10 Minimum

[frank22]

http://www.washingtonpost.com/wp-dyn/conte...0052104872.html

[centex]

Maybe it is time to vacation up there...would be nice not to have to worry about some policy clown holding up the line whining about V/MC policy not permitting something...

[BBQ123]

I didn't jump on the "boycott Arizona" thing, but I might jump on "boycott Vermont" for this stupid concept.

[green2408]

I didn't jump on the "boycott Arizona" thing, but I might jump on "boycott Vermont" for this stupid concept.

 

hahaha let's see how well this works. It might though because Vermont is a special kind of a place sometimes, kind of like Berkeley CA where many merchants can get away with not accepting credit cards at all.

[hegemony]

yawn

[lolipop]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

[hegemony]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

cash is subprime.

[lolipop]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

cash is subprime.

YMMV

[hegemony]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

cash is subprime.

YMMV

no rewards

no buyer protections

lose your cash it is gone; lose your credit card and you are covered

more difficult to track spending

covered in germs

[lolipop]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

cash is subprime.

YMMV

no rewards

no buyer protections

lose your cash it is gone; lose your credit card and you are covered

more difficult to track spending

covered in germs

What rewards can you get with a few dollars of purchase? What kind of protection would you want for a few dollars of purchases? What would you do if you run to places that don't accept credit cards? No late fee, no bill to pay at the end of month. Not to mention the anonymity you get that you don't with credit cards. I can go forever baby, but I will leave it at YMMV.

[hegemony]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

cash is subprime.

YMMV

no rewards

no buyer protections

lose your cash it is gone; lose your credit card and you are covered

more difficult to track spending

covered in germs

What rewards can you get with a few dollars of purchase? What kind of protection would you want for a few dollars of purchases? What would you do if you run to places that don't accept credit cards? No late fee, no bill to pay at the end of month. Not to mention the anonymity you get that you don't with credit cards. I can go forever baby, but I will leave it at YMMV.

 

 

I like paying just one bill instead of worrying about having to dash off the to ATM for subprime cash.

 

late fee? what is that?

 

anonymity? cash is definitely better for that, especially for pimps and drug dealers.

[lolipop]

Never spend anywhere less than $10 on credit card charges. I always carry cash for purchases less than $10.

cash is subprime.

YMMV

no rewards

no buyer protections

lose your cash it is gone; lose your credit card and you are covered

more difficult to track spending

covered in germs

What rewards can you get with a few dollars of purchase? What kind of protection would you want for a few dollars of purchases? What would you do if you run to places that don't accept credit cards? No late fee, no bill to pay at the end of month. Not to mention the anonymity you get that you don't with credit cards. I can go forever baby, but I will leave it at YMMV.

 

 

I like paying just one bill instead of worrying about having to dash off the to ATM for subprime cash.

 

late fee? what is that?

 

anonymity? cash is definitely better for that, especially for pimps and drug dealers.

You can argue till cow comes home, but there is no absolute winning here. Thus I say, YMMV, and end of discussion.

[breeze]

Bzzzzzzzzzzzzzzzzz

 

there is no end to this discussion.

[lolipop]

Bzzzzzzzzzzzzzzzzz

 

there is no end to this discussion.

Exactly

[Fallon]

anonymity? cash is definitely better for that, especially for pimps and drug dealers.

Count me in. I prefer being anonymous.

[thelowpriceleader]

I buy $1.08 every day at a merchant using a credit card that has a 5% cash back option. That means over the course of the year I receive at least $18 of rebates. Not bad. That's like 18 free items.

 

Maybe another reason the card is easier is for these stupid purchases like $1.08. It is a pain to handle coins. It may be easier to hand off $1 and leave... but dealing with the coins and change becomes messy. You are also more prone to being robbed walking around with a pocket full of jingling coins.

[centex]

I buy $1.08 every day at a merchant using a credit card that has a 5% cash back option. That means over the course of the year I receive at least $18 of rebates. Not bad. That's like 18 free items.

 

Maybe another reason the card is easier is for these stupid purchases like $1.08. It is a pain to handle coins. It may be easier to hand off $1 and leave... but dealing with the coins and change becomes messy. You are also more prone to being robbed walking around with a pocket full of jingling coins.

 

For something like that, I would rather buy the direct-ship dollar coins and keep them (and a roll of dimes) in the console of the vehicle. Put the pennies into a jar at the house...

 

Rewards work out to be the same and you 1) don't lemonade off the merchant and 2) put the dollar coins into circulation thus fulfilling federal mandates related to the direct ship program...

[lolipop]

I buy $1.08 every day at a merchant using a credit card that has a 5% cash back option. That means over the course of the year I receive at least $18 of rebates. Not bad. That's like 18 free items.

 

Maybe another reason the card is easier is for these stupid purchases like $1.08. It is a pain to handle coins. It may be easier to hand off $1 and leave... but dealing with the coins and change becomes messy. You are also more prone to being robbed walking around with a pocket full of jingling coins.

In a long term, you better off purchase a whole bunch of it at a big box stores to save money rather than spending $1.08 everyday at the convenient store just to get the 5%.

[thelowpriceleader]

How do you know the $1.08 isn't being spent at the big box store? Maybe I work next to the big box store and go buy $1.08 there every morning before work.

 

The topic at hand isn't where we will get the best price buying goods, the topic on hand is card processing fees, the use of cards for small transactions, and the rewards that accumulate over time from a bunch of small transactions using a card.

 

However I do like this Direct Ship Dollar Coin idea. I always liked Dollar Coins up in Canada. Add that and a rounding effect to the nearest .05 on purchases and this would be a real winner. I have not seen Dollar Coins since the local Post Office removed its vending machine and replaced it with an Automated Postal Center (which has a $1 Credit or Debit Card Minimum... claming as a $1 transaction minimum for the machine since the machine does not accept cash, thus not in any violation of any credit card network rules).

Edited June 8, 2010 by thelowpriceleader

[lolipop]

Well, it's kind of strange that someone would go to a super store like walmart or target, etc everyday just to get something for $1.08 everyday. By the way, what kind of card you use to get 5% cash back at the big box store?