Quote:
Originally Posted by Soma
Another one:
I worked for VISA for a couple of years a while back.
Any establishment that accepts VISA cards is forbidden, by VISA, to make you buy a certain amount before you can charge it on your card. So if you go into a restaurant or liquor store or wherever, they are not allowed to make you buy $10.00 worth of stuff before you can use your VISA. They are not allowed to make you buy even 1 cent. The stores do this because they are charged by VISA for every transaction and they lose money if you don't buy something that costs more than what they are charged. Regardless, VISA will drop some heavy fines on the establishment or discontinue their service altogether if they find out about it.
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This reminds me of an Experience I had with VISA.
I used to own a business where I was constantly taking orders over the phone and charging peoples cards via an internet access point. It was common for me to take orders from people using their parent's or spouses card. In these situations, I would usually ask that the owner of the card call in and confirm, but I knew that was a useless gesture at security because I knew they could put anyone on the phone to confirm it was OK to use the card. Anyways, then I'd ship the item out that day or the next. So, to make a long story short, I didn't know VISA had a policy that as the business, you had to ship the item to the person who's name was on the card, as well as to the address the card was billed to for there to be any protection against chargebacks. I had a lady call and order several hundred dollars worth of items and was using her husbands card. She also wanted it shipped to her husbands work address. Everything seemed on the up and up. I had people do this kind of thing all the time. Heck, I have stuff shipped to me work when I'm ordering things online. I always used UPS or FEDEX so I could track the packages, so I saw that the items arrived and didn't think anything of it. A few weeks later, VISA debited my business account for the amount saying the lady had filed a chargeback complaint against me because I never shipped the items. I went through the process of trying to prove I had shipped the items because I had the signature on file from when it was picked up, but because it wasn't shipped to the man's billing address, I was out the money.