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Post by myshelly on Apr 23, 2016 1:26:04 GMT
But what I'm saying is I put it in the chip reader and the chip works. I do not have to enter my PIN nor do I have to sign. Even for transactions over $100 I haven't had to sign with my chip. So... You're saying you don't have to provide ANY kind of ID to use your card? For any amount? I don't think I'd be too happy about that as a consumer knowing anyone who physically had my card in their hand could walk into some store and get whatever they wanted without having to enter a PIN or even try to forge my signature. ETA: Especially since now the clerks don't ever touch the card or match the signatures like they used to. Neither of my debit cards have been converted to chip cards yet, so the only experience I have with it are my credit cards and all of those have PINs which act as my ID / signature. Honestly, I think that's been the reality for a long time. A signature on an electronic pad doesn't look like anything other than a scribble, so I really don't see what difference it makes.
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Post by lucyg on Apr 23, 2016 1:26:58 GMT
I have several credit cards with chips, and I've never needed to use a PIN with any of them. Just sign as usual.
I can't remember if my debit card has a chip, but I rarely use it. Only at my bank's ATM machine, usually.
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Deleted
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Post by Deleted on Apr 23, 2016 1:50:40 GMT
. Cash is used for 26% of all transactions, which is more than cc's but lower than debit cards. . Do you know if this is 26% of the dollar value of all transactions or 26% of the number of transactions? The former makes sense to me, the latter would surprise me.
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Post by katlady on Apr 23, 2016 2:36:52 GMT
I have several credit cards with chips, and I've never needed to use a PIN with any of them. Just sign as usual. I can't remember if my debit card has a chip, but I rarely use it. Only at my bank's ATM machine, usually. I just got my new Target credit (not debit) card in the mail. It has a chip and I am going to have to set a PIN and use the PIN every time I use the card. My Nordstrom and Amazon VISA credit cards have a chip but I don't need a PIN with those. I wonder if it is VISA's choice to not use a PIN with credit cards?
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Post by lucyg on Apr 23, 2016 2:43:04 GMT
I have several credit cards with chips, and I've never needed to use a PIN with any of them. Just sign as usual. I can't remember if my debit card has a chip, but I rarely use it. Only at my bank's ATM machine, usually. I just got my new Target credit (not debit) card in the mail. It has a chip and I am going to have to set a PIN and use the PIN every time I use the card. My Nordstrom and Amazon VISA credit cards have a chip but I don't need a PIN with those. I wonder if it is VISA's choice to not use a PIN with credit cards? My chipped cards are a MasterCard and an AmEx.
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Post by crazy4scraps on Apr 23, 2016 2:56:26 GMT
I have several credit cards with chips, and I've never needed to use a PIN with any of them. Just sign as usual. I can't remember if my debit card has a chip, but I rarely use it. Only at my bank's ATM machine, usually. Do you use the chip reader or swipe them? The only one I use regularly with a chip is my Target Redcard and it asks for my PIN but I pretty much never spend less than $50 there.
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Deleted
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Post by Deleted on Apr 23, 2016 3:05:53 GMT
I have several credit cards with chips, and I've never needed to use a PIN with any of them. Just sign as usual. I can't remember if my debit card has a chip, but I rarely use it. Only at my bank's ATM machine, usually. Do you use the chip reader or swipe them? The only one I use regularly with a chip is my Target Redcard and it asks for my PIN but I pretty much never spend less than $50 there. You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader.
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Post by anniefb on Apr 23, 2016 3:10:18 GMT
I save a lot, but the $5 thing wouldn't work for me since I never have cash. I have retirement savings deducted from my pay and have another auto payment that goes out each month into savings account for shorter term goals.
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Post by myshelly on Apr 23, 2016 3:11:54 GMT
Do you use the chip reader or swipe them? The only one I use regularly with a chip is my Target Redcard and it asks for my PIN but I pretty much never spend less than $50 there. You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader. Not true. I swipe my chipped card at WM bc WM wants you to use a PIN if you use the chip, but will give you the choice of credit or debit if you swipe. The transaction is not declined, though, if I swipe my chipped card. Although for the first two months I had the chip I was able to use it in the chip reader at WM without a PIN, I am now back to swiping my chip card there. That is the only retailer I have encountered this issue.
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Post by katlady on Apr 23, 2016 3:25:38 GMT
You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader. Not true. I swipe my chipped card at WM bc WM wants you to use a PIN if you use the chip, but will give you the choice of credit or debit if you swipe. The transaction is not declined, though, if I swipe my chipped card. Although for the first two months I had the chip I was able to use it in the chip reader at WM without a PIN, I am now back to swiping my chip card there. That is the only retailer I have encountered this issue. Reading all the chip stories here ... sounds like everywhere is different! I insert my VISA chip cards at Wal-Mart and I don't have a PIN. The card reader doesn't ask me for my PIN. A few stores here still want you to swipe (Michael's is one). I have to always ask at different stores if they want me to swipe or insert (sounds a little kinky). But I think once the machines at a store are setup for inserting, it does reject the card if you try to swipe it (like what happened to me at Barnes & Noble).
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Deleted
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Post by Deleted on Apr 23, 2016 3:32:03 GMT
You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader. Not true. I swipe my chipped card at WM bc WM wants you to use a PIN if you use the chip, but will give you the choice of credit or debit if you swipe. The transaction is not declined, though, if I swipe my chipped card. Although for the first two months I had the chip I was able to use it in the chip reader at WM without a PIN, I am now back to swiping my chip card there. That is the only retailer I have encountered this issue. That's awfully strange. From what I know about the liability shift rules, by allowing this, they are accepting liability for any fraudulent transactions that occur that way, which is surprising. Most every company wants to keep the banks liable if possible.
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Post by myshelly on Apr 23, 2016 3:40:44 GMT
Not true. I swipe my chipped card at WM bc WM wants you to use a PIN if you use the chip, but will give you the choice of credit or debit if you swipe. The transaction is not declined, though, if I swipe my chipped card. Although for the first two months I had the chip I was able to use it in the chip reader at WM without a PIN, I am now back to swiping my chip card there. That is the only retailer I have encountered this issue. That's awfully strange. From what I know about the liability shift rules, by allowing this, they are accepting liability for any fraudulent transactions that occur that way, which is surprising. Most every company wants to keep the banks liable if possible. I did it on Tuesday. I asked the cashier about it bc in the past I would insert my VISA chip card and a screen would come up that said ENTER PIN but also had a button down in the corner that said CHANGE PAYMENT. I would push that button and then select credit. However, the past two times I have been there (last Saturday, when I did self checkout so I couldn't ask anyone and then Tuesday) the ENTER PIN screen has come up but without the CHANGE PAYMENT option. So for both transactions I hit cancel and then swiped the card. When I swiped the card I got a screen with two buttons one for credit and one for debit. I selected credit and the transaction went through. After the transaction on Tuesday I asked the cashier and she said to use the chip and they could change it to credit at the register. Anyway, my point was, the transaction didn't get declined when I swiped instead of using the chip reader.
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Post by ntsf on Apr 23, 2016 3:41:36 GMT
it is against the visa rules to insist on showing id when using the card. it is all based on your signature and the excellent fraud detection systems... so the fraud rate is extremely low. (dh used to work in backend of VISA). so especially for small amounts..they just run them through. it is hard for people to get their heads around this. but it is a rule..along with not charging more to use a visa. having been in the banking/credit card transaction processing game for years, at our house, we use a credit card all the time..hardly ever use atm cards other than to get out cash..and we usually have some cash at hand. the credit card protects you the most.
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Post by ntsf on Apr 23, 2016 3:42:58 GMT
it is against the visa rules to insist on showing id when using the card. it is all based on your signature and the excellent fraud detection systems... so the fraud rate is extremely low. (dh used to work in backend of VISA). so especially for small amounts..they just run them through. it is hard for people to get their heads around this. but it is a rule..along with not charging more to use a visa. having been in the banking/credit card transaction processing game for years, at our house, we use a credit card all the time..hardly ever use atm cards other than to get out cash..and we usually have some cash at hand. the credit card protects you the most.
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Post by cmpeter on Apr 23, 2016 3:52:08 GMT
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Post by Deleted on Apr 23, 2016 4:50:40 GMT
it is against the visa rules to insist on showing id when using the card. it is all based on your signature and the excellent fraud detection systems... so the fraud rate is extremely low. (dh used to work in backend of VISA). so especially for small amounts..they just run them through. it is hard for people to get their heads around this. but it is a rule..along with not charging more to use a visa. having been in the banking/credit card transaction processing game for years, at our house, we use a credit card all the time..hardly ever use atm cards other than to get out cash..and we usually have some cash at hand. the credit card protects you the most. That's not quite true anymore - Visa has softened their stance on ID. Merchants can ask for ID now, but cannot refuse a transaction if the customer does not have any ID on them (or does not wish to provide it).
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Post by lucyg on Apr 23, 2016 6:11:45 GMT
Do you use the chip reader or swipe them? The only one I use regularly with a chip is my Target Redcard and it asks for my PIN but I pretty much never spend less than $50 there. You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader. I've been able to swipe the cards at places where the chip reader wasn't activated yet. Not sure beyond that. I don't pay that much attention, just do what they tell me to do.
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Post by Meri-Lyn on Apr 23, 2016 11:29:04 GMT
Not true. I swipe my chipped card at WM bc WM wants you to use a PIN if you use the chip, but will give you the choice of credit or debit if you swipe. The transaction is not declined, though, if I swipe my chipped card. Although for the first two months I had the chip I was able to use it in the chip reader at WM without a PIN, I am now back to swiping my chip card there. That is the only retailer I have encountered this issue. Reading all the chip stories here ... sounds like everywhere is different! I insert my VISA chip cards at Wal-Mart and I don't have a PIN. The card reader doesn't ask me for my PIN. A few stores here still want you to swipe (Michael's is one). I have to always ask at different stores if they want me to swipe or insert (sounds a little kinky). But I think once the machines at a store are setup for inserting, it does reject the card if you try to swipe it (like what happened to me at Barnes & Noble). Just happened to be at Walmart last night. Used my Visa card (credit card, not debit), inserted the chip and signed. Looks like they are doing something different depending on the store. My transaction was over $100.
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Post by Meri-Lyn on Apr 23, 2016 11:34:06 GMT
But what I'm saying is I put it in the chip reader and the chip works. I do not have to enter my PIN nor do I have to sign. Even for transactions over $100 I haven't had to sign with my chip. So... You're saying you don't have to provide ANY kind of ID to use your card? For any amount? I don't think I'd be too happy about that as a consumer knowing anyone who physically had my card in their hand could walk into some store and get whatever they wanted without having to enter a PIN or even try to forge my signature. ETA: Especially since now the clerks don't ever touch the card or match the signatures like they used to. Neither of my debit cards have been converted to chip cards yet, so the only experience I have with it are my credit cards and all of those have PINs which act as my ID / signature. Never. As said above, it's against Visa/MC provisions. The last one who tried was Bed Bath and Beyond about six months ago. I asked the cashier what happens if I refused. She got all flummoxed and said "uh...nothing." Needless to say, I was not showing ID that day. Are you in the US? I thought all cards had to be converted to chip cards by last October. I'm shocked you don't have any.
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Post by anxiousmom on Apr 23, 2016 11:38:25 GMT
My younger son just got his new debit/credit card (his old one expired.) It is a Visa debit card, through Wells Fargo and is chipped. He thinks it is AWESOME.
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Post by LavenderLayoutLady on Apr 23, 2016 12:02:20 GMT
I also use my debit card more than cash, so that probably wouldn't work for me.
To save money efficiently, I "pay" myself (put money into savings) the same way I would pay a reoccurring bill, like the water utilities.
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mallie
Pearl Clutcher
Posts: 3,253
Jul 3, 2014 18:13:13 GMT
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Post by mallie on Apr 23, 2016 12:10:58 GMT
Not true. I swipe my chipped card at WM bc WM wants you to use a PIN if you use the chip, but will give you the choice of credit or debit if you swipe. The transaction is not declined, though, if I swipe my chipped card. Although for the first two months I had the chip I was able to use it in the chip reader at WM without a PIN, I am now back to swiping my chip card there. That is the only retailer I have encountered this issue. That's awfully strange. From what I know about the liability shift rules, by allowing this, they are accepting liability for any fraudulent transactions that occur that way, which is surprising. Most every company wants to keep the banks liable if possible. Our store does not have a chip reader, so chip cards are still swiped. I too was surprised the company would choose to accept the liability, but not my problem.
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Deleted
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Sept 29, 2024 22:19:19 GMT
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Post by Deleted on Apr 23, 2016 13:32:08 GMT
You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader. I've been able to swipe the cards at places where the chip reader wasn't activated yet. Not sure beyond that. I don't pay that much attention, just do what they tell me to do. Yes, absolutely. I mean if there is an active chip reader, and you have a card with a chip, the machine will generally not allow you to swipe instead of "dipping." They want it to be used in the most secure way available.
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artbabe
Pearl Clutcher
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Jun 26, 2014 1:59:10 GMT
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Post by artbabe on Apr 23, 2016 14:02:54 GMT
I go to bars a lot and I prefer to pay as I go, so I always have beer cash on me. I also have cash for the soda machine at work. That is about it. My dad uses cash a lot- he always has big bills on him. When he needs to pay me for something he pays me in $50s and $100s. Besides that, I pay with a card. I always get my cash as cash back at Target, CVS, etc. The last time I went to the bank was when I sold my house and I had to deposit the check (yay!)
I hate the chip cards. So aggravating. Starbucks even hands the machine out the window at the drive through. I'm used to it now but when they first started doing this it drove me crazy.
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Post by crazy4scraps on Apr 23, 2016 15:57:01 GMT
So... You're saying you don't have to provide ANY kind of ID to use your card? For any amount? I don't think I'd be too happy about that as a consumer knowing anyone who physically had my card in their hand could walk into some store and get whatever they wanted without having to enter a PIN or even try to forge my signature. ETA: Especially since now the clerks don't ever touch the card or match the signatures like they used to. Neither of my debit cards have been converted to chip cards yet, so the only experience I have with it are my credit cards and all of those have PINs which act as my ID / signature. Never. As said above, it's against Visa/MC provisions. The last one who tried was Bed Bath and Beyond about six months ago. I asked the cashier what happens if I refused. She got all flummoxed and said "uh...nothing." Needless to say, I was not showing ID that day. Are you in the US? I thought all cards had to be converted to chip cards by last October. I'm shocked you don't have any. What I meant by "ID" was requiring a signature or a PIN. Myshelly was saying she didn't have to use a PIN or even sign for her purchase, just put the chip card in and done. ETA: To answer your question to me, yes, I'm in the US. All of my CREDIT cards have been reissued with the chips. None of my DEBIT cards have them yet. I only ever use my Redcard, the AmEx or a debit card.
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Post by cmpeter on Apr 23, 2016 15:57:31 GMT
Meri-lyn...merchants had to switch to the chip reader by Oct or they would have to absorb the fraud. For some the fraud costs are less than the cost to covert their POS terminals, so they still do swipe.
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Post by crazy4scraps on Apr 23, 2016 16:01:12 GMT
You cannot swipe a card that has a chip; it will reject it and tell you to insert it into the chip reader. I've been able to swipe the cards at places where the chip reader wasn't activated yet. Not sure beyond that. I don't pay that much attention, just do what they tell me to do. This has been my experience too. I don't think Hobby Lobby has their chip readers activated yet (here anyway) because my chipped card (AmEx) has to be swiped there and I have to sign. But at Target where the chip readers are active, it will not let me swipe my chipped Redcard when I pay and it asks me to use the chip reader and enter my PIN.
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Post by shaniam on Apr 23, 2016 23:19:20 GMT
I primarily use cash for all my in person purchases. We have budgeted $400 weekly for my spending. That sounds like a lot but that includes groceries, clothing, medical needs, my sons saxophone lessons, everything. I can pretty much count on half of it every week going for food (pretty much feeding 5 adults). Some weeks the other half left over is plenty. Some times I really have to stretch it. It helps keep me from overspending and works well for us. Don't know how well it would work if I tried to save all the $5 bills I came across.
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Post by myshelly on Apr 23, 2016 23:40:24 GMT
Never. As said above, it's against Visa/MC provisions. The last one who tried was Bed Bath and Beyond about six months ago. I asked the cashier what happens if I refused. She got all flummoxed and said "uh...nothing." Needless to say, I was not showing ID that day. Are you in the US? I thought all cards had to be converted to chip cards by last October. I'm shocked you don't have any. What I meant by "ID" was requiring a signature or a PIN. Myshelly was saying she didn't have to use a PIN or even sign for her purchase, just put the chip card in and done. ETA: To answer your question to me, yes, I'm in the US. All of my CREDIT cards have been reissued with the chips. None of my DEBIT cards have them yet. I only ever use my Redcard, the AmEx or a debit card. I'm just wondering - what kind of protection do you think is even achieved by requiring a signature? It seems really silly to me. For years now purchases under $25 haven't required a signature and now I think a lot of places do $50. It just seems silly to me to think that that offers any layer of protection.
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Post by crazy4scraps on Apr 24, 2016 0:19:12 GMT
What I meant by "ID" was requiring a signature or a PIN. Myshelly was saying she didn't have to use a PIN or even sign for her purchase, just put the chip card in and done. ETA: To answer your question to me, yes, I'm in the US. All of my CREDIT cards have been reissued with the chips. None of my DEBIT cards have them yet. I only ever use my Redcard, the AmEx or a debit card. I'm just wondering - what kind of protection do you think is even achieved by requiring a signature? It seems really silly to me. For years now purchases under $25 haven't required a signature and now I think a lot of places do $50. It just seems silly to me to think that that offers any layer of protection. Back in the day, you would hand your card to the cashier, they would swipe it through the machine, you would sign the slip and the cashier would compare it to the signature on the back of the card. While it wasn't MUCH protection, at least it was something. In the event that the card was lost or stolen, the merchant could be required to find that slip to prove a signature was obtained. Years ago when I had my store, I had to save all those little signed slips in case I was ever hit with a chargeback. If someone came in with an unsigned card, we weren't supposed to accept it at all. The PIN will eventually replace the signature for everything. I don't recall ever using my chipped Redcard and not having to enter my PIN number, but like I said I almost never spend less than $50 at Target. Even when I pay at the pump with a magnetic stripe card at the gas station it asks for my zip code.
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