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Deposit Change into Credit Car | |||||||||||||||||
Related to AutoDeposit Change. When paying with cash and you don't want to carry the change, run a credit card and have the change automatically credited to a credit card. "For Deposit Only" transactions do not require a signature so the transaction would just be a matter of swiping your card and seeing a confirmation message that the change had been deposited into your account.
junkstopshere@yahoo.com, Oct 21 2006
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For the amount of change usually dealt with, the fees would suck up the value anyways.
This is a definite "whynot", but I think classicsat is correct, what the credit card companies would charge per transaction would eat up most of the change that you deposited.
I've contacted http://www.citibank.com and http://www.verotel.com and asked them to consider a policy change. Currently, there are "no charges" to either the customer or the store for "refunds". But if an excessive number of refunds occur the store is audited and may have the credit card machines pulled. So the only change to the current system would be to change the credit card machine company's policy.
I've contacted http://www.citibank.com and http://www.verotel.com and asked them to consider a policy change. Currently, there are "no charges" to either the customer or the store for "refunds". But if an excessive number of refunds occur the store is audited and may have the credit card machines pulled. So the only change to the current system would be to change the credit card machine company's policy.
Sorry about the double entry, machine froze and I hit the submit button twice.