View Poll Results: How do you pay - cash or card?

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  • Always with my card

    13 17.33%
  • Mostly with my card

    41 54.67%
  • Mostly cash

    17 22.67%
  • Always cash

    3 4.00%
  • I can't decide

    1 1.33%
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Thread: How do you pay - cash or card?

  1. #111
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    Re: How do you pay - cash or card?

    I'm with a credit union because the fees are lower, and I don't own a credit card anymore. After I paid it off, I tore it up. Debt is usury, and slavery.

    I'm not very concerned about the records of my purchases existing on my bank card because I have nothing to hide. What bugged me about bigger banks were the outrageous service fees that are always levied on the middle class, yet the rich people with the banks get all their fees waived. The banks are why the economy has gone to hell and their behaviors persist, so I don't wish to support them.

    Paying for things in cash does not necessarily ensure privacy, not as long as the store prints a receipt with a time stamp. If they have a store camera then it would be a simple matter to track the video to the time stamp and see who you are. The government can do pretty much anything now. The only way to ensure your privacy is to fake your identity.

    The irony of a government that can track anyone is that they don't necessarily have to do it. The simple psychology of it causes the average person to self-govern. In reality the government can't watch everyone all the time, and the government itself is only as powerful as the people allow it to be. If even 20% of America revolted tomorrow, the ensuing chaos would make the U.S. a second rate power overnight.

  2. #112
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Gaius46 View Post
    I took a quick scan of the EFTA and as far as I can tell the maximum consumer liability is $50.
    It's $50 for credit and for debit before 48 hours (aka "unauthorized [electronic] transfers") from http://www.federalreserve.gov/boardd...l/cch/efta.pdf

    Thieves may also put through test charges of <$5 or spoof merchant information which can really screw up that grace period for debit.

  3. #113
    I'm kind of a big deal

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    Re: How do you pay - cash or card?

    Quote Originally Posted by brothern View Post
    1.) Well, if that's your attitude, at least make certain to read the small print on your accounts.
    2.) Banks give little warning before changing their terms & conditions.



    Or in sensible English:

    Wells Fargo reserves the right to change any of the Terms, at any time for any reason as determined in our sole discretion.
    1.) no attitude just pointed out the fact your statement was wrong and you got angry
    2.) yes this is true and does happen sometimes and can happen with . . . . .credit cards too . . . .which makes your point even more meaningfulness

    luckily for me theres no small/fine print for the security/fraud terms.

    like i said, cute story, keep being mad while i keep living in reality where the fact remains your post was wrong.
    Last edited by AGENT J; 10-30-13 at 08:18 PM.
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  4. #114
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    Re: How do you pay - cash or card?

    Quote Originally Posted by brothern View Post
    It's $50 for credit and for debit before 48 hours (aka "unauthorized [electronic] transfers") from http://www.federalreserve.gov/boardd...l/cch/efta.pdf

    Thieves may also put through test charges of <$5 or spoof merchant information which can really screw up that grace period for debit.
    Regulation E seems somewhat at odds with actual statute which reads in part -

    909. Consumer liability

    (a) UNAUTHORIZED ELECTRONIC FUND TRANSFERS; LIMIT.--A consumer shall be liable for any unauthorized electronic fund transfer involving the account of such consumer only if the card or other means of access utilized for such transfer was an accepted card or other means of access and if the issuer of such card, code, or other means of access has provided a means whereby the user of such card, code, or other means of access can be identified as the person authorized to use it, such as by signature, photograph, or fingerprint or by electronic or mechanical confirmation. In no event, however, shall a consumer's liability for an unauthorized transfer exceed the lesser of--

    (1) $50; or

    (2) the amount of money or value of property or services obtained in such unauthorized electronic fund transfer prior to the time the financial institution is notified of, or otherwise becomes aware of, circumstances which lead to the reasonable belief that an unauthorized electronic fund transfer involving the consumer's account has been or may be effected. Notice under this paragraph is sufficient when such steps have been taken as may be reasonably required in the ordinary course of business to provide the financial institution with the pertinent information, whether or not any particular officer, employee, or agent of the financial institution does in fact receive such information.

    Notwithstanding the foregoing, reimbursement need not be made to the consumer for losses the financial institution establishes would not have occurred but for the failure of the consumer to report within sixty days of transmittal of the statement (or in extenuating circumstances such as extended travel or hospitalization, within a reasonable time under the circumstances) any unauthorized electronic fund transfer or account error which appears on the periodic statement provided to the consumer under section 906. In addition, reimbursement need not be made to the consumer for losses which the financial institution establishes would not have occurred but for the failure of the consumer to report any loss or theft of a card or other means of access within two business days after the consumer learns of the loss or theft (or in extenuating circumstances such as extended travel or hospitalization, within a longer period which is reasonable under the circumstances), but the consumer's liability under this subsection in any such case may not exceed a total of $500, or the amount of unauthorized electronic fund transfers which occur following the close of two business days (or such longer period) after the consumer learns of the loss or theft but prior to notice to the financial institution under this subsection, whichever is less.

    In any case though the regulation speaks of the clock starting once the consumer knows that the card is missing. Reporting it within two days of that is not in any way an onerous requirement.
    Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7

  5. #115
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Gaius46 View Post
    Regulation E seems somewhat at odds with actual statute which reads in part -
    Yeah. The passed law is different than the regulations implemented.

    Quote Originally Posted by Gaius46 View Post
    In any case though the regulation speaks of the clock starting once the consumer knows that the card is missing. Reporting it within two days of that is not in any way an onerous requirement.
    No, not onerous at all. Problem is that the far, far majority of people do not know this.

  6. #116
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    Re: How do you pay - cash or card?

    Quote Originally Posted by brothern View Post
    Well, if that's your attitude, at least make certain to read the small print on your accounts. Banks give little warning before changing their terms & conditions.

    Or in sensible English:

    Wells Fargo reserves the right to change any of the Terms, at any time for any reason as determined in our sole discretion.
    Actually, the banks are required to inform their customers, in writing, a certain amount of time before the changes go into effect. I get these warnings from my bank and credit cards all the time. They get to change their rules and you get to either agree to those rules or close your account and pay off whatever you owe them. It's that simple.
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  7. #117
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Cephus View Post
    Actually, the banks are required to inform their customers, in writing, a certain amount of time before the changes go into effect. I get these warnings from my bank and credit cards all the time. They get to change their rules and you get to either agree to those rules or close your account and pay off whatever you owe them. It's that simple.
    It's incredibly simple. That's why most people don't read them. :P

    ...

    After this thread I've concluded that I would hate more than anything to advise any single one of the DP posters here. If I told any half of DPers it was financially risky to do something, they'd try just that in order to prove me wrong. Then I'd get fired or sued when they lost all their money or had it stolen.
    Last edited by brothern; 10-30-13 at 10:52 PM.

  8. #118
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Ikari View Post
    There is no privacy anymore.
    Not to mention that will all this electronic stuff around us... How much easier would it be to alter a digital 'document'? G. Orwell would have been terrified.

  9. #119
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    Re: How do you pay - cash or card?

    Mostly cash. I'm not always great at keeping track of how much money is in my account when I use my card more often. You usually know exactly how much cash is on you.
    "...it is all the more clear what we have to accomplish at present: I am referring to ruthless criticism of all that exists,"

  10. #120
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Canell View Post
    Hi all

    Simple question here: do you pay cash or with your card?

    I would say that paying with a card is quite dangerous in terms of privacy - the bank knows all your moves and habits, what you buy, where you go and when you go. I'm not comfortable with that to say the least.

    So, what do you think?

    I mostly pay with cash. If I need to make online purchases I have a debit card.If I was paranoid about someone tracking my expenses I would get a pre-paid credit card and register it under a bogus name and address.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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