testtest

(Credit Card) Company Says “Let’s Track Suspect Gun Sales”

my "problem" right now is, on my Capital One Credit Card, was that there was a "$1.00 hold" on a purchase from one place i ALWAYS do business with. that "hold" was to ensure that the card is "good" for the purchase. then that $1.00 is returned.

well Cap One in their infinite wisdom, thought the "hold" was for some sort of fraud, and "set off" a fraud alert.

at the time, i did not know what was happening, and Cap One shut down my credit card all to "protect me" from the evil business.

now, they every so often, DENY a purchase until i respond to an email, that the purchase is legit.

this just happened a few days ago in fact.

if it happens again, and i am sure it will, i will call them, as i have in the past, and this time, PROMISE them that i will NOT PAY the balance, and let me see how they like that.

all they can do is sell my balance to a collection company, and they too can put thier thumbs up thier butt crack, and wait for no more money from me.

at MY age, what...me worry about a bad credit report..?????
 
Keystone19250 said:
Same. Debit card only for me.
Click to expand...
thing is, from what i recall, a debit card, does not offer us as much protection as a credit card does, in any dispute with the vendor. don't get me wrong, i too use a debit card, for "local" purchases, but anything i buy online, it's a credit card for me.

either way, for the credit card companies to monitor our spending habits for ANYTHING we buy, is very intrusive.

best thing to do is, drop that credit card company.
 
Last edited:
Old_Me said:
thing is, from what i recall, a debit card, does not offer us as much protection as a credit card does, in any dispute with the vendor. don't get me wrong, i too use a debit card, for "local" purchases, but anything i buy online, it's a credit card for me.

either way, for the credit card companies to monitor our spending habits for ANYTHING we buy, ins very intrusive.

best thing to do is, drop that credit card company.
Click to expand...
Actually although Debit Cards don’t offer as much protection it depends on the bank and I have 100% good luck going after fraudulent use of my Debit card and got my money back.
I also change out my Cards every 6 months to avoid having the number out there for a long period of time.

That being said this is off topic.
 
Old_Me said:
thing is, from what i recall, a debit card, does not offer us as much protection as a credit card does, in any dispute with the vendor. don't get me wrong, i too use a debit card, for "local" purchases, but anything i buy online, it's a credit card for me.

either way, for the credit card companies to monitor our spending habits for ANYTHING we buy, ins very intrusive.

best thing to do is, drop that credit card company.
Click to expand...
Depends on the card and your bank. I got a text at 2am 1 time from the fraud dpt. Apparently I used an Uber in CA and SD within a hour or 2 of each other (4 occurances). I told the fraud dpt. I've been known to drive fast, but from Texas to CA then to SD is insane. She laughed and canceled the card, so I went in the next day and got a new card.
 
Keystone19250 said:
Actually although Debit Cards don’t offer as much protection it depends on the bank and I have 100% good luck going after fraudulent use of my Debit card and got my money back.
I also change out my Cards every 6 months to avoid having the number out there for a long period of time.

That being said this is off topic.
Click to expand...
it's not really going off topic, when it's go to do with banking. which something to do with a "bank" was indeed the thread opener. as banks handle credit cards, debit cards, etc.

off topic would be if i said i have a Yacht, and you're all invited to come on over for some fishing
 
Old_Me said:
it's not really going off topic, when it's go to do with banking. which something to do with a "bank" was indeed the thread opener. as banks handle credit cards, debit cards, etc.

off topic would be if i said i have a Yacht, and you're all invited to come on over for some fishing
Click to expand...
The topic is tracking gun sales not fraudulent card use but I agree CC use is a situation that needs protection as well as some limited monitoring to avoid use by criminals.
 
I advise to take a look at your Credit Card bills and adjust pay method accordingly.
IRS seems to be behind this as I just read they, among other non LE federal institutions, are buying up ammo and firearms. Part of a bigger plan ?
BTW…PayPal, eBay, etc are required to issue Sellers an IRS tax form 1099K for stuff they sold on line in access of $600. PayPal may send a 1099 for transactions using their platform.

My experience -
• Over the counter, cash sale, some places actually give a little discount for cash because the Merchant has to pay the CC (credit or Debit card) a fee. My dentist adds $5 for CC/DC. Gasoline purchases sometimes uses the $1 to verify if card legitimate and not stolen.
• On-Line purchase use of CC has more protection for disputes and refunds.

Some stuff bought on-line is categorized as “merchandise”. I’m not sure if this is the standard business transaction (see below) when CC invoicing occurs, whether it’s a trampoline or a honey glazed ham but notice how CC companies offer “reward points”…either to track your purchases or to get you to spend more for their benefit by transaction fees and any accrued interest.

Heres a bit of info from NerdWallet:

What are merchant category codes?​

Merchant category codes became a requirement for businesses in 2004, per the IRS, which created them. In short, they are:
  • Four-digit numbers that classify a business by what it sells or the service it provides. If the merchant sells or provides more than one thing, its code is typically based on the item or service that makes up the majority of the business (see below for exceptions).
  • Assigned to a business by the payment networks — Visa, Mastercard, American Express and Discover — when that business sets up a credit card payment system. Card-issuing banks have no control over how these codes are assigned and can't change them.
  • Generally standardized. A business with a home furniture store MCC typically registers as a home furniture store whether you're using a Mastercard, Visa, American Express or Discover.
 
Well, here is what I think, it’s none of any credit cards business what you purchase……period, and to use the card to trace so called fraudulent gun purchases is total over reach on the company and any government/ law enforcement organization. It’s s bad ideal, because sooner or later they(card) will say any purchase you make on guns and accessories is not permitted, this is coming, just watch. For me, I don’t have any CC anymore, I don’t make any online purchases, I do local shops and such. Just my opinion.
 
These people are very slick in providing their views with a one-sided argument. They don't mention that the merchants who are using the banks for a business account are FFL holders. These days one would be a fool to accept CC for sales of guns without one. also CBS also doesn't mention that all sales from an FFL must be approved by the gov't through a background check. How come the FBI/ gov't computer system can't track individuals who make multiple sales at different locations? Besides, I'd bet that most of the guns bought off the street are cash only.
 
Old_Me said:
my "problem" right now is, on my Capital One Credit Card, was that there was a "$1.00 hold" on a purchase from one place i ALWAYS do business with. that "hold" was to ensure that the card is "good" for the purchase. then that $1.00 is returned.

well Cap One in their infinite wisdom, thought the "hold" was for some sort of fraud, and "set off" a fraud alert.

at the time, i did not know what was happening, and Cap One shut down my credit card all to "protect me" from the evil business.

now, they every so often, DENY a purchase until i respond to an email, that the purchase is legit.

this just happened a few days ago in fact.

if it happens again, and i am sure it will, i will call them, as i have in the past, and this time, PROMISE them that i will NOT PAY the balance, and let me see how they like that.

all they can do is sell my balance to a collection company, and they too can put thier thumbs up thier butt crack, and wait for no more money from me.

at MY age, what...me worry about a bad credit report..?????
Click to expand...
If your a vet, dump Cap One and go over to USAA.com and join. Money back on your credit card purchases, interest on your checking accounts, free checks and customer service second to none. Also after 10 years, you start getting rebates on your insurance premiums.
 
I don't believe the groups pushing for this care about anything other than social justice and virtue signaling. I highly doubt they are actually concerned with saving lives. Alcoholism kills 95,000 Americans every year, which is more than twice the number killed by "gun violence" (whatever that means these days). Have any of these groups demanded that suspicious purchases at liquor stores be reported or denied?
 
You must log in or register to reply here.
Back
Top