"Swingman" wrote:
> I know how much you just love debit cards, Lew <g, d, & r> ... but
> just imagine that a gas station can put a hold on $100 on a "pay at
> the pump" debit transaction for up to 3 days ... might be more in
> some locales.
>
> College kids always seem to find this out the hard way, but the
> banks love the overdraft fees ... :(
-------------------------------------
Sooner or later people will figure out what a screwing debit cards
truly are.
You have better odds playing Russian roulette and taking the first
shot
with all chambers filled.
In the mean time, assume the position while the banks just smile.
Having spent several years working with ethnic contractors and
distributors was good enough to qualify as earning a "street business
PhD".
You learn there are lots of ways to play the "float".
You don't learn that kind of stuff in a classroom.
Could tell you "Bernie" stories for hours involving Bernie, an
electrical contractor, who carried the tattoo on his arm and was the
only one of his family to make it out of Auschwitz alive.
His reputation proceeded him., but you had to love the guy.
When all was said and done, he was a lot of fun.
Lew
I wrote:
> Sooner or later people will figure out what a screwing debit cards
> truly are.
"Lobby Dosser" asks:
> Why?
--------------------------------
A debit card transfers all the normal charge card functions and
protections from the bank to the debit card holder.
A debit card holder pays first, not last like a charge card.
The bank uses your money, not the other way around.
A debit card holder does the bank's work that is included with a
charge card in the event of a dispute..
Unlike divorce , the screwing you get for the screwing you got, a
debit card is the screwing you get for the screwing you didn't get.
There is more, but you get the idea.
The only thing a debit card does is provide fiscal discipline for
those who don't have it.
Lew
"Lew Hodgett" <[email protected]> wrote in message
news:[email protected]...
> "Swingman" wrote:
>
>> I know how much you just love debit cards, Lew <g, d, & r> ... but
>> just imagine that a gas station can put a hold on $100 on a "pay at
>> the pump" debit transaction for up to 3 days ... might be more in
>> some locales.
>>
>> College kids always seem to find this out the hard way, but the
>> banks love the overdraft fees ... :(
> -------------------------------------
> Sooner or later people will figure out what a screwing debit cards
> truly are.
Why?
--
If your name is No, I voted for you - more than once ...
"Lew Hodgett" <[email protected]> wrote in message
news:[email protected]...
>I wrote:
>
>> Sooner or later people will figure out what a screwing debit cards
>> truly are.
>
> "Lobby Dosser" asks:
>
>> Why?
> --------------------------------
> A debit card transfers all the normal charge card functions and
> protections from the bank to the debit card holder.
>
> A debit card holder pays first, not last like a charge card.
>
> The bank uses your money, not the other way around.
>
> A debit card holder does the bank's work that is included with a
> charge card in the event of a dispute..
>
> Unlike divorce , the screwing you get for the screwing you got, a debit
> card is the screwing you get for the screwing you didn't get.
>
> There is more, but you get the idea.
>
> The only thing a debit card does is provide fiscal discipline for those
> who don't have it.
>
> Lew
>
>
>
It's as good as cash, and therefore a bargaining chip with small vendors who
don't want to screw with CC charges and effort.
--
If your name is No, I voted for you - more than once ...