this post was submitted on 02 Dec 2023
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And that's the exact reason that less and less people are taking credit cards and only taking debit and ACH.
Where do you see businesses accepting debit but not credit cards? I've only ever seen it accepting both or neither (in the case of neither, you have to physically mail in a check or link up ACH information). And the only time I see ACH or physical payment accepted but not debit/credit is with governmental agencies in the US, because credit/debit costs them money to process while ACH/physical money does not.
I haven't experienced not taking credit cards, but T-Mobile just got rid of my ten dollar auto pay unless I switch from credit card to debit card.
Same for Verizon
As well as AT&T. Its becoming more and more common.
A montage company just started doing that.
My barber won't take credit, only debit or cash.
Credit card fee's most likely.
Its mostly that, but its also the chargeback happy people. Not saying there's not a time and a place for that, but its rampant when it shouldn't be.
Probably and I'm perfectly fine with cash or debit only. Screw credit. Just hurts people in the long run
Depends on the person.
If you’re using credit because you don’t have money, then you’re doing it wrong. Credit only hurts people that don’t understand this.
I put everything on my credit card. I also pay it off every month. So it’s only helped me.
At the cost of people who use it the other way
I hate your opinion but i love your name. You ever drink Bailey's from a shoe?
Would you mind informing me what was that remote but well paying job?
Its your characterization of people falling into a trap designed for them to fall in as bad with money i take issue with. This opinion can only come from an inability to consider hypothetical situations outside of your particular experience, such as (off the top of my head) an unexpected bill or layoff.
This can not be overcome with “moneysmarts“, unless moneysmarts=having money. Surely if you wanted, you could respond with a hypothetical situation that runs counter to your previous statement?
Depends, my autopay discounts were on Privacy cards, which I now can't use. So losing a $20/mo discount becuase no way in hell will I give an actual debit card # or checking info to a company that's going to lose it in their next breach, nor can I control or cancel them at will.
not really. it's that credit cards usually cost a lot more per transaction in fees to the merchant.
I’ve never seen a merchant that doesn’t take a credit card. wtf are you talking about
Really? I've seen literally thousands, of cash only businesses lol.
I've never seen anything like a debit card only or whatever, but cash only businesses are fucking everywhere my dude.
Wild. Maybe it’s a regional thing, but I’ve only been to one or two places in the last many years where I had to use my card instead of Apple Pay.
Cash is strictly for drugs.
People, or businesses?
For the rare business where it's (unfortunately) standard practice e.g. gyms, I just setup a new (free) checking account with my existing bank.
Other than those rare, and "standarized" cases, they'd have to be critical to my ability to keep breathing for me to even consider using a check, or another payment method linked directly to bank, including a debit transaction that requires my PIN, or ever using my debit card online.