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  • are crack dealers using square yet?
  • I use my debit card for everything.  I obviously take wild risks with my financial security.

    I had never heard of the $50.00 bank hold upon gas station transactions until a year or two ago.  I was amazed that crap like that was legal.
  • i know a hooker who has the magnetic strip on her inside left buttock but i keep putting in the card the wrong way
  • I give out my debit card information to Craigslist hookers all the time. Of course, I won't do it till she shows me her good boob.

    /should I not do that?
  • FTA: But according to www.bankrate.com...

    Translation: This article may as well be a credit card ad.

    FTA: Another purchase to avoid with your debit card is big ticket items. Unlike credit card purchases, debit cards offer fewer protections and few dispute rights.

    Seems counter intuitive. I'd much rather protect money I actually have than money I don't have.

    FTA: Of course, the way around this is to use your debit card, but select the "credit" button so it's processed as a credit card transaction.

    Well, this article felt necessary. Glad they waited till the end of it to tell me that.
  • Cythraul: I use my debit card for everything.  I obviously take wild risks with my financial security.

    I had never heard of the $50.00 bank hold upon gas station transactions until a year or two ago.  I was amazed that crap like that was legal.


    If you are low on funds the bank will hold the money, I had it happen to me when I was low on funds which should be illegal, they either hold it everytime or non of the time. If you get gas and use debit and not credit you don't get the hold.
  • I guess getting unauthorized charges reversed is harder at some banks than others.

    We had a $1000 charge made on our debit card in London that was fixed the same day we reported it.

    It kind of sucks that my debit card has been to England and I haven't.
  • SBinRR: It kind of sucks that my debit card has been to England and I haven't.


    Makes you wonder how it got there.

    It would for me anyway...
  • That was a horrendously bad article.

    I had someone use my card number and address to buy an egift card for Lands End (which I've never bought anything from in my life). 2 phone calls, and I had my money back and a new debit card on the way. One more, and a police report was filed. No hassle, just the fun of knowing that somebody out there had all my information. Yay.
  • SkunkWerks: FTA: Another purchase to avoid with your debit card is big ticket items. Unlike credit card purchases, debit cards offer fewer protections and few dispute rights.

    Seems counter intuitive. I'd much rather protect money I actually have than money I don't have.


    Makes perfect sense to me. The CC company's client is you, not the store you're buying from, so they're going to protect you with the weight of a very big corporation and their insurers. If you spend your own money then you have to fight the store yourself to get it back, where the CC company can just up and take it and let the store cry.
  • Flakeloaf: Makes perfect sense to me.


    That credit card companies want to sell you money you don't have? And don't mind protecting the money you don't have?

    Oh that part makes perfect sense to me...
  • Hotels and rental car agencies are a couple of the worst places to use a debit card. Because of the many risks of charges on property at a hotel or damage you could inflict on your rental car, these businesses will often lock up large amounts of your account for 5-10 days until the actual charges clear. Best thing to do at either if you want to charge it to a debit card but also own a credit card is to use your credit card when you check in but change the payment to debit card at checkout for the actual amount. The more you know...
  • Cythraul: I use my debit card for everything.  I obviously take wild risks with my financial security.

    I had never heard of the $50.00 bank hold upon gas station transactions until a year or two ago.  I was amazed that crap like that was legal.


    Uh because the Financial Institutions OWN the credit card & allow you to use it.
  • revman64: Hotels and rental car agencies are a couple of the worst places to use a debit card. Because of the many risks of charges on property at a hotel or damage you could inflict on your rental car, these businesses will often lock up large amounts of your account for 5-10 days until the actual charges clear. Best thing to do at either if you want to charge it to a debit card but also own a credit card is to use your credit card when you check in but change the payment to debit card at checkout for the actual amount. The more you know...


    I think for cars they hold either $300 or $500 and your right about the payment thing. I hold all of my cars on credit then pay with my debit.
  • I use my debit card for a ton of things including online purchases and big ticket items. I haven't had any problems luckily, and I'd rather pay for things with money I have.
  • SBinRR: I guess getting unauthorized charges reversed is harder at some banks than others.

    We had a $1000 charge made on our debit card in London that was fixed the same day we reported it.

    It kind of sucks that my debit card has been to England and I haven't.


    Count yourself lucky my debit card only got to go to Denver with two 500 dollar charges reversed the same day also.
  • For rental cars, hotels, and other places that place "holds" on funds, I use my company credit cards at check-in, then pay the bill with my personal debit card in the end. My company never knows, as the transactions do not show up on the statements, and I'm not out the (sometimes) hundreds of dollars that sit in limbo for a week.

    That article was pure dreck, though.
  • Never use a debit card in a strip bar, and not just for the obvious reason that you might get busted by your wife or girlfriend. Like the gas station, they will hold money for a week or sometimes longer, but at a much larger amount. I learned my lesson when one here held $300 on a $27 tab for a week.
  • I can't stand it when people use their debit or credit cards at grocery stores. What a security risk. Besides, you don't care how much you are spending, and don't even try to get a good deal. Nope, I'm sticking with checks. There is nothing like deliberately writing out the amount, longhand for the numbers, and putting my good ol' Jonh Q. Alywa signature on the line. Of course, I have to wait until the cashier runs all the items, my coupons (doubles on Tuesday!), and then the little clerk has to get manager approval for my Chardonnay. Add in getting the bagboy to run over to service to get my Winstons. Finally, when I get my total (after bickering over the club card discount on Bounty towels), I pull out ol' big wallet. Being able to balance my register while waiting in line is nice too... always know to the cent how much BOA is holding for me.

    To all the people biatching in line... FU. This is my time. Don't like it? Use the self checkout.
  • Alywa - Sounds like you are a perfect canidate for the Old fogeys and Super coupon shopper line.
  • alywa: I can't stand it when people use their debit or credit cards at grocery stores. What a security risk. Besides, you don't care how much you are spending, and don't even try to get a good deal. Nope, I'm sticking with checks. There is nothing like deliberately writing out the amount, longhand for the numbers, and putting my good ol' Jonh Q. Alywa signature on the line. Of course, I have to wait until the cashier runs all the items, my coupons (doubles on Tuesday!), and then the little clerk has to get manager approval for my Chardonnay. Add in getting the bagboy to run over to service to get my Winstons. Finally, when I get my total (after bickering over the club card discount on Bounty towels), I pull out ol' big wallet. Being able to balance my register while waiting in line is nice too... always know to the cent how much BOA is holding for me.

    To all the people biatching in line... FU. This is my time. Don't like it? Use the self checkout.


    Right on!

    /sees what you did, there
  • Cythraul: I use my debit card for everything.  I obviously take wild risks with my financial security.

    I had never heard of the $50.00 bank hold upon gas station transactions until a year or two ago.  I was amazed that crap like that was legal.


    The card is swiped before the transaction is made. At this point, no one knows how much gas you want.

    What if you want $30 worth of gas, but only have $20 in your account? You put in the card, pump $30 worth of gas, then what? You drive away with $10 free gas and an overdraft fee, which nobody wants.

    So instead, they authorize a fixed amount, say $50, and then deduct from it when you're done pumping (ideally). If you don't have $50 in the account, you can't pump.

    The real problem arises on your end because the transaction takes so farking long to settle, you only spent $30 on gas but you were charged for $50, the difference wasn't made up immediately afterward, and you don't have access to that $20. The initial charge is just the gas station covering their ass / making a reasonable effort to prevent theft.

    There's an easy fix, but for most people it's more convenient to fill up their tank, not "put $20 in, " which should really be an option on the credit card pump.
  • Wow are things ever backwards in the states. Mydebit card has never left my sight in a restaurant, don't you guys have wireless debit machines that the waitress brings to you down there? As for a gas station transaction withholding more than the purchase, wtf? The transaction is digital and instant, if the money is not in your account, you don't get to buy the gas. Where in the world are there banks that don't communicate transactions with each other instantly? As for money being refunded, again it's an instant transaction, the merchant simply reverses the funds back to your account the same way they took it out, with the debit machine.
    With the new chip technology the card never even leaves my hand, I place it into the machine, enter my pin number, remove the card and take my new expensive crap I didn't need home and throw it in a corner where it will sit until judgement day.
    This article makes your system sound antiquated and set up so you would prefer to carry around stupid amounts of cash just waiting to be taken from you by your friendly neighbourhood mugger.
  • Ohlookabutterfly: Wow are things ever backwards in the states. Mydebit card has never left my sight in a restaurant, don't you guys have wireless debit machines that the waitress brings to you down there?


    What the hell are wireless debit machines? Never even heard of one of those. Closest thing I can think of is that hardware attachment and app combination for cell phones that can turn your cell phone into a card transaction machine.

    As for a gas station transaction withholding more than the purchase, wtf? The transaction is digital and instant, if the money is not in your account, you don't get to buy the gas. Where in the world are there banks that don't communicate transactions with each other instantly? As for money being refunded, again it's an instant transaction, the merchant simply reverses the funds back to your account the same way they took it out, with the debit machine.

    I'm not familiar with the technical details of electronic transactions, so I'd like to know the answer to these questions as well.
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