Me thinks you have no idea how credit card cashback works.
1 Like
Iām curious. Which merchants hand you a cashback rebate while youāre in their store?
1 Like
What banks charge a fee for depositing cash. Granted, I have never had a commercial account.
The operating capital balance that I kept apparently covered any and all fees for my 3 business accounts. I donāt recall ever paying any fee other than a 1,25% +/- on credit card purchases and a fee for an internet connection to the bank.
As for checks. I contracted with a local collection agency which got the amount of the check + $35. for me while they kept a fee for themseves.
Itās not a rebate. Itās added to your card purchase total. It reduces the amount of cash the store deposits in their commercial bank account, thus reducing the deposit fee and saves you a trip to a teller to get cash.
i
Does ācardā mean a credit card or a debit card?
If so, how does this have anything to do with cash in a store?
The more you post the less I think you know what is going on.
If the person does not want to pay the cc card usage fee they have the option of a personal check or going to the bank for cash ( which very few people will do ) . Most commercial accounts have a set amount before they charge deposit fees and after that they charge about 0.30 to 0.50 cents per 100.00 dollars over that amount. So basically a none issue.
Ask at the checkout. Policy varies from store to store.
Cash advance billed to the credit card. Sometimes the clerk will ask if I want ācash backā, it saves a trip to an ATM for cash withdrawal. Providing cash advances reduces the amount of cash on premises and the amount transported by armored car service.
Try a different bank.
Actually those same type of dodgy mortgages were also very popular in the 1920s. It seems that once no one is alive anymore the crooks just roll out the old playbook.
20 years ago, when some of my coworkers bought too much house and took out too large of a mortgage, I thought they used poor judgement. Later I found out it was the banksā fault.
I calculated the costs of accepting credit cards for a grocery store. I figured that an increase in volume of 2% would cover the additional cost - so if volume increased more than 2%, it generated a saving. That was 30 years ago. Imagine the drop in volume for a grocery store that stops accepting them today.
There were, just not Visa and Mastercard, and much less common. I remember my fatherās occasional use.
My card rebates 2% in cash. NM state government offices charge fees for credit card payments less than 2%.
Huh? I have three banks. You decide your own security limits.
Mortgage bundling was NOT around in the 20ās.
Thatās some quality humor right there!
The vast majority of people I see using cards at the grocery store is a debit transaction.
Me thinks you are guessing. My bank debit card looks just like a normal Visa card so unless you ask a person you have no idea if they are using a credit card or a debit card.
2 Likes
You think wrongly 
Where I shop, if I use a debit card, I enter my PIN to approve. If I use a credit card OR my debit as a credit card, I have to physically sign my name on the keypad. So it is fairly obvious which mode is being usedā¦
The grocery store I do 90% of my shopping at doesnāt accept credit cards.
Cash, Check, Debit or EBT cards only.