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#21
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Paying cash for tix
Scott wrote:
I would have preferred to use a credit card, but the limit wasn't enough and my Credit Union won't increase it. I'm thinking of getting rid of that card and getting one from elsewhere. With either an ATM, internet or telephone transaction, you can TRANSFER funds from your chequing to credit card account and those funds become immediatly available on the credit card. (If your credit card is from a different institution and you must use a "pay bill" option, then that transfer takes days.) So if you have a credit limit of $1000 and you want to spend $5000 on the credit card, transfer $5000 to the credit card, and then you can spend $5000. (or send $4000, spend $5000 with $1000 to be paid on your credit card bill). |
#22
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Paying cash for tix
mtravelkay wrote:
My regular visa and my visa checkcard both start with 4 BINs are, last I heard, 6 digits. And yes, 4 is Visa, 5 Mastercard. Note that a "visa" bank can also use 4 for its own ATM (non visa) cards. It just has to register the BINs to Visa. |
#23
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Paying cash for tix
On Wed, 31 Mar 2004 01:12:56 GMT, mtravelkay wrote:
Scott wrote: I thought that the number itself identifies the card. Credit cards have certain numb ers, while debit cards have a different set of numbers. like 4 = Visa and 5 = Mastercard. That's what I think but could be wrong. My regular visa and my visa checkcard both start with 4 I didn't mean the first number, that was just an example. I really do not know whether I am right or not. |
#24
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Paying cash for tix
nobody wrote
mtravelkay wrote: Even at 1 percent for credit cards, it would seem that for most tickets bought on Expedia, it would be cheaper for them to pay the 45p debit carc fee. A 100 GBP ticket would result in a 1-4 GBP charge for credit cards, and only a 45p charge for debit cards. Real debit cards are not usable on internet. Requires physical presence of card and entry of PIN, since they enable ATM like transactions live on your accounts. (and on those of merchant). Ryanair accept Debit Card payment via internet. Details are on their site www.ryanair.ie |
#25
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Paying cash for tix
"nobody" wrote in message ... As far as merchants who are not honoring debit cards, I'm not sure how smart their systems are when they try running a card, Large outfits, especially internet sites which capture your credit card information can easily apply some logic to validate a vard either by obtaining list of BINs corresponding to debit cards, or perhaps even by having their own bank block debit card transactions right away. I'm thinking it's likely the case -- large merchants have a system which will identify the BIN and determine if it's a credit or a debit card. I was going to post a bit in detail about it, but I see you posted about the BINs in another post. The financial institution I work for uses different BINs or "prefixes" (all starting with 4's) for Visa cards -- but it's a different prefix for debts and different for credit. The BINs or "prefixes" are unique to the financial institution, but the digits after that are unique identifying your account. As to the original poster, I strongly suspect a daily spending limit may have come into place. If you tried putting the $4,500 all at once on a debit card, it likely declined for that reason and may have also created an alert with your issuing bank. Whether they'll follow-up on it or not (call you and ask if you tried to make the purchase) is another story. If I tried putting $4,500 at once on any of my debit cards, it would decline... not because of lack of funds, but the daily spending limit. You can also pay your credit card above and beyond to generate a "credit" balance -- but whether the institution will generate a refund check immediately or let it sit as a credit balance for awhile, I'm not sure. Steve |
#26
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Paying cash for tix
On Tue, 30 Mar 2004 23:09:26 -0400, nobody wrote:
Scott wrote: I would have preferred to use a credit card, but the limit wasn't enough and my Credit Union won't increase it. I'm thinking of getting rid of that card and getting one from elsewhere. With either an ATM, internet or telephone transaction, you can TRANSFER funds from your chequing to credit card account and those funds become immediatly available on the credit card. (If your credit card is from a different institution and you must use a "pay bill" option, then that transfer takes days.) So if you have a credit limit of $1000 and you want to spend $5000 on the credit card, transfer $5000 to the credit card, and then you can spend $5000. (or send $4000, spend $5000 with $1000 to be paid on your credit card bill). Thanks J.F. I will look into that option in the future. |
#27
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Paying cash for tix
I suspect the OP is not in Europe. Some of the American banks seem to
classify bank cards as debit cards, but without some of the usefulness. Debit cards in Europe work just fine over the internet. Visa debit can (sometimes) be treated as visa, switch and electron can both be used for "cardholder not present" transactions. Electron cards are strictly 'cardholder present' and the magnetic strip has to work.. ie: they have to swipe as there is no imbossed number to take an impression. They are given to people with no money, and every transaction is checked with the bank to make sure the cardholder has enough cash. Solo is similar ie: the cardholders account balance is checked every time, but it can be used as 'cardholder not present' |
#28
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Paying cash for tix
Hilary wrote:
Debit cards in Europe work just fine over the internet. Visa debit can (sometimes) be treated as visa, switch and electron can both be used for "cardholder not present" transactions. What is a "debit card" in europe ? In Canada, Australia, New Zealand, it is essentially your ATM bank card which can be used at any store. You enter your ATM PIN to OK the transaction, choose the account, and then the amount is transfered from your account to the merchant's account (acrosss banks if necessary) instantly. This works because all banks are member of a single network that permits those transactions to happen no matter what bank the customer is with and no matter what bank the merchant is with. Except for very large chains, a merchant is required to use bank provided POS machines. (which can also be used for traditional credita card authorizations). But the debit cards require presence of cardholder. So, what is a "debit" card in Europe ? Does it go though credit card facilities for authorisation ? Or is there a single european-wide EFTPOS network similar to CA/NZ/AU ? |
#29
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Paying cash for tix
Hilary wrote:
Some electron cards, I think those from other European countries, haven't worked for CNP transactions but UK-issued cards have gone through the last few times we've tried. Solo doesn't work for CNP though. is Electron/Solo a network, or are they "brand names" for cards ? In Canada for instance, your debit card is your ATM card and is issued by your bank and has your bank's logo/brand on it. In the back, you have logos for the various networks on which the card can be used. Interac is the canadian ATM/EFTPOS network. Cards also can be used on Plus or Cirrus depending on which US network your bank has subscribed to. So for instance, if I buy a chocolate bar at the local store, the transaction is routed by Interac betwene the shop's bank and my bank. But if I use an ATM in Australia, the transaction is routed to Plus in the USA which the routes it to my bank in canada. But there are currently no provisions to use a canadian card in EFTPOS mode (direct debit) in Australia because Plus doesn't support those. Are the debit cards in Europe associated with a single account ? Do you use it as you would a credit card (card number, name, expiry date) ? In Canada, when you buy stuff at the store, you use your card the same way you'd use an ATM. Swipe card, enter pin, choose account, and confirm amount to be widthdrawn. |
#30
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Paying cash for tix
Debit cards in Europe work just fine over the internet. Visa debit
can (sometimes) be treated as visa, switch and electron can both be used for "cardholder not present" transactions. Electron cards are strictly 'cardholder present' and the magnetic strip has to work.. ie: they have to swipe as there is no imbossed number to take an impression. Some electron cards, I think those from other European countries, haven't worked for CNP transactions but UK-issued cards have gone through the last few times we've tried. Solo doesn't work for CNP though. I assume CNP means customer not present? I work for an Internet payments provider company, and I can assure you that Solo does work and Electron is not acceptable (in the Uk at least). |
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