Do any merchants refuse Visa Signature/World Mastercard?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
16 posts
MaxPunishment
Platinum Member
Platinum Member
 
Posts: 50
Joined: Sat Nov 10, 2012 12:25 am
Location: HelL.A./City of Angels

Do any merchants refuse Visa Signature/World Mastercard?

Postby MaxPunishment » Thu Dec 27, 2012 2:20 pm

In the past few weeks I have systematically upgraded my entire wallet, applying for half a dozen new cards and upgrading all of my old Visa cards to Visa Signature and Mastercards to World/World Elite for the extra perks and coverage.

I do know that part of the baggage that comes with these higher end Visas and Mastercards is that they charge higher merchant fees, so I'm just curious whether I have now put myself in a bad situation whereby should a merchant look at my credit card, see World/Signature written there and refuse it just because the fee is too high just as many won't accept Discover or AMEX for this very reason.

Considering my entire wallet is now Visa Signature and minimum World for Mastercard and my only other cards are Discover and American Express cards, I'm just wondering if I should carry one lower end Visa or Mastercard just in case to cover my bases


Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Thu Dec 27, 2012 9:34 pm

No if you go for example to your local hardware store, they take Visa, Mastercard, American express and Discover you can use whatever visa or mastercard you have. whether it be the venture card, the thank you card or an capital1 cash back card or a Td bank rewards credit card any card that the merchant takes you can use.

MaxPunishment
Platinum Member
Platinum Member
 
Posts: 50
Joined: Sat Nov 10, 2012 12:25 am
Location: HelL.A./City of Angels

Postby MaxPunishment » Fri Dec 28, 2012 12:31 pm

Money card wrote:No if you go for example to your local hardware store, they take Visa, Mastercard, American express and Discover you can use whatever visa or mastercard you have. whether it be the venture card, the thank you card or an capital1 cash back card or a Td bank rewards credit card any card that the merchant takes you can use.


Obviously this is the way it's supposed to work, but just as some merchants will impose a $10 minimum on using a credit card or some will limit exactly how much money you can charge to a credit card or impose a several percent penalty by paying for credit card instead of with cash (all of which are against the agreements they have signed with Visa/Mastercard), I'm wondering if any merchants will discourage use of Signature/World cards and insist for instance I use a regular Visa/Mastercard instead.

I have heard this to be the case with some places that will publicly accept American Express, but when a customer goes to use it they will pressure him to use something else if they sense he has a Visa or a Mastercard

hjamespyun
Gold Member
Gold Member
 
Posts: 42
Joined: Mon Oct 24, 2011 7:19 pm
Location: New York, USA

Postby hjamespyun » Fri Dec 28, 2012 1:39 pm

The thing is I'm not sure if most merchants even know what the difference is between Visa Signature/World MasterCard and the regular versions, which they really should as you pointed out re: the higher merchant fees.

Additionally, I do not think many card users know the difference either; until I read up on it, I did not know either.
Cards In Use
Chase Sapphire Visa Signature (Downgraded from Sapphire Preferred)
American Express Platinum (Upgraded from Premier Rewards Gold)
Citi ThankYou Preferred World Elite MasterCard

jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Fri Dec 28, 2012 3:19 pm

You also have to consider that the person swiping the card is likely not the business owner but an employee, so even if they did know about the higher fees (unlikely), they probably wouldn't care.

If a business did want to prohibit customers using certain cards it deems to be high fee, it surely would create all kinds of bad will with customers and would probably be impossible to explain to customers, most of whom probably don't know much about merchant fees anyway.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Fri Dec 28, 2012 10:00 pm

The answer is still no. Merchants are not aloud to discourage you from using a signature credit card to a regular visa like a Td bank rewards or a chase slate. But as you mentioned some places like a local sports store or a local pizza/italian restaurant they have signs that say 10.00$ limit for credit cards.

some of those cards that you see people using are actually debit cards. do you think the employees can tell the difference between a debit card, a signature card or a regular visa/master card? do you think the cashier at a place this is only an example like Juicy couture, Club Monoco, Macys, the Body shop can tell the difference? Max, I know you can tell the difference but do you think they can?

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sun Dec 30, 2012 8:27 am

Soon they won't need to.

Starting Jan. 13th, they can start charging you a fee to use your card in most states (about 10 prohibit this). I would imagine we'll start seeing some of them charge us for the priviledge of paying them, just like we pay a fee to pay our vehicle registration at the DMV for example (I'm still waiting to see them charge us a surcharge on the fee to pay our tax. It's coming, but another story).

Should they start with this, I will IMMEDIATELY search for alternatives and no longer do business with any place which does this provided I have any alternatives. My fear is this will become commonplace and just accepted as yet another way to increase their bottom line at our expense. Just an FYI, but we need to start watching for this.

This is just conjecture, but it seems like the way things are going, the future for credit cards is not a lot brighter than the average American (who thinks the universe was created a couple of thousand years ago and the world is flat not round, and is actually PROUD to be an ignoramus and as uneducated as possible). I think we are going to see Rewards programs start to be pulled back (I hear rumors of this with the Cash +, and Amex did it with the BCP for example, and yes I know Discover actually improved them on the IT but it's still only 1% vs .25% so they had room to do that) and with them charging us to use our cards to pay (on top of what some of them ALREADY charge us to do that) using credit cards will become a money losing proposition for consumers all around even if you never pay a cent in interest.

peaches
Green Member
Green Member
 
Posts: 6
Joined: Fri Dec 21, 2012 8:32 pm
Location: DC

Postby peaches » Sun Dec 30, 2012 8:49 am

hjamespyun wrote:Additionally, I do not think many card users know the difference either; until I read up on it, I did not know either.


+1 I didn't know there was a difference until I became obsessed with rewards recently. LOL. Spoke about it with my coworker and friends and some don't realize they have had visa signatures until I asked them and they looked.

kcarter609
Centurion Member
Centurion Member
 
Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Sun Dec 30, 2012 1:33 pm

MemberSince99 wrote:Soon they won't need to.

Starting Jan. 13th, they can start charging you a fee to use your card in most states (about 10 prohibit this). I would imagine we'll start seeing some of them charge us for the priviledge of paying them, just like we pay a fee to pay our vehicle registration at the DMV for example (I'm still waiting to see them charge us a surcharge on the fee to pay our tax. It's coming, but another story).

Should they start with this, I will IMMEDIATELY search for alternatives and no longer do business with any place which does this provided I have any alternatives. My fear is this will become commonplace and just accepted as yet another way to increase their bottom line at our expense. Just an FYI, but we need to start watching for this.

This is just conjecture, but it seems like the way things are going, the future for credit cards is not a lot brighter than the average American (who thinks the universe was created a couple of thousand years ago and the world is flat not round, and is actually PROUD to be an ignoramus and as uneducated as possible). I think we are going to see Rewards programs start to be pulled back (I hear rumors of this with the Cash +, and Amex did it with the BCP for example, and yes I know Discover actually improved them on the IT but it's still only 1% vs .25% so they had room to do that) and with them charging us to use our cards to pay (on top of what some of them ALREADY charge us to do that) using credit cards will become a money losing proposition for consumers all around even if you never pay a cent in interest.


If this happens, I guess everything will go back to cash. I'm not going to pay extra for the "privilege" of paying with a card. Then pay the bank an annual fee for using the card.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sun Dec 30, 2012 5:10 pm

You know it will end up like everything else - they know we are a bunch of wusses who are too afraid to stand up for what we believe is right, so they will do this, we'll get upset, not use the cards for a while, then realize what a pain it is to carry around cash and deal with change and go inside and hand the clerk 100 bucks to fill your tank then go back in and figure out all your change, and so on, and we'll go back to using the cards and paying and letting them rape us financially. They know it, and if we are honest with ourselves we know it too. Meanwhile they will work on the next scheme to get more $$$ out of us, rinse and repeat and the cycle begins anew.



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests