yfan wrote:rockyrock wrote:I was in Ralph's earlier looking to buy a few GC's with my BCP and I was denied. They no longer take CC's to purchase GC's at any level. The manage said there was too much CC fraud and they were tired of taking chances. He said it's too easy to copy the mag strip and make a counterfeit card. I pointed to the EMV on the card and said it's much harder to dupe one of these...he didn't really care. Not that it's up to him, it's no doubt a (kroger) corporate policy.
Any one know of other supermarkets that have stopped taking CC's for GC purchase? I'll probably try to hit up Vons or Albertson's tomorrow. In the mean time, I ordered a few cards from raise.com. I know I got a better deal, but sometimes it isn't always about the best deal. Most of the times I buy GC's is on the way to a birthday party where I forgot to buy someone a gift.
I can still buy merchant specific gift cards from Costco and Safeway - though I don't really buy a lot, except to buy the PF Chang's GCs from Costco, which come at a 20%+ discount.
I think that merchants will eventually draw a distinction between Visa/MC/Amex gift cards and merchant specific ones, but until that happens, the trend may well be towards bunching them together and refusing to take credit for any of those.
I do see the fraud issue though. If you're a credit card thief, once you have got a stolen credit card, the first thing you want to do is is transfer as much money as possible into forms that cannot be recovered once the fraud is spotted and the card is shut down. Gift cards are a better bet there than buying a bunch of perishable items or merchandise you don't need and could get you in trouble if you try to sell (as that's basically selling stolen goods). Instead, you get retail gift cards and just spend from those when you want something.
Retail GC and V/MC can be tracked ultimately so this it isn't. It's reactionary. It would be beyond foolish to disallow purchase of retail/fixed GC's to cash only. Fixed value V/MC are an interesting case but ultimately are legitimately expensable from a business side as marketing or incentives..
Reloadable/Variable loads have certainly gone the way of the dodo for one looking to purchase them with credit as they function almost like a standard debit card and can be used to purchase M.O.'s....effectively recycling the money with minimal cost. The risk of potential money laundering or tax avoidance is there and is why this is even being pursued by retailers as the penalties go straight to the top. A CEO and their board of executives can actually be indicted for facilitation of bank fraud and or laundering for allowing such transactions to go unchecked.