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Chips in Debit Cards

Mike

Mike

Member
Is the universe collaborating to make my life intolerably complicated? Maybe only those of us in the U.S. will understand.

What used to be so simple transaction - swipe, pin, no cash in return, approved, walk out of the store. Now it turns into this... swipe, error - insert card -, error (I put it in the wrong way every time) insert again, wait, wait, wait, wait, do not remove card, wait, wait, wait, we're downloading your fiscal history, wait, wait, I look at the teller and say how stupid this is, wait, wait, wait, approved, walk out of store miffed.

Who thinks this chip thing is helpful or necessary?
 
The chip cards are supposed to be more secure as they have a changing pin number in the chip.

But at the moment the machines are too new and no one wants to invest in the good ones. (Like Europe has) and make things more secure.

Also,. You could go back to cash....just saying.
It doesn't charge a fee and is accepted world wide. Dollars are taken everywhere despite being in another country.
 
JohnDB please do not insert logic into this rant. I carry my license and my debit card in my pocket. I haven't used that green paper stuff since I don't know when.
 
Yeah, these new chip cards are supposed to be more secure, though they do take a little bit longer to use when you are sliding it into that reader on some of the machines at registers. If you just swipe it there is no additional time to complete your transaction.

One downside I have heard is that with these new cards the fraud exposure is no longer on the banks but on the individual merchants, so if someone's card is stolen and is used fraudulently it is the merchant that is responsible and is supposed to reimburse the owner of the card. Not the banks.

I foresee this causing many mom and pop shops to discontinue allowing people to use their cards in their stores, or possibly just be more vigilant in checking the cards against the owner's identity.
 
Mike said:
JohnDB please do not insert logic into this rant. I carry my license and my debit card in my pocket. I haven't used that green paper stuff since I don't know when.
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My bad,
I forgot that this is the internet.:hysterical

But...
Cash is the best and quickest for purchases that are impulse. It helps budgets out a lot as cash feels different when you spend it... especially when looking at what little is left after a purchase is made.

It's been so long since I've used any I'm not sure if I have any in my wallet or not. So I'm right there next to you waiting and waiting for the machine to clear.

But when I'm out of the country I use cash almost exclusively. But $100 goes a lot further than it does here. So the cards get used for hotels and big ticket item. If a $20 doesn't cover it then it probably won't fit in my luggage either.
 
haha, I actually like the chip. Funny thing is, most places that have the chip reader aren't set up to read the chip yet lol1
 
StoveBolts said:
haha, I actually like the chip. Funny thing is, most places that have the chip reader aren't set up to read the chip yet lol1
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Hey, Jeff! And that's part of the problem. You have to figure out of the reader is even upgraded for the chip. Confusion before you even start! What do you like about this? All of does is add confusion on the user end and lift the culpability on the bank that lends the money.

I know we lag behind Europe in adopting the chip, that's not necessarily a bad thing.
 
Mike said:
Hey, Jeff! And that's part of the problem. You have to figure out of the reader is even upgraded for the chip. Confusion before you even start! What do you like about this? All of does is add confusion on the user end and lift the culpability on the bank that lends the money.

I know we lag behind Europe in adopting the chip, that's not necessarily a bad thing.
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lol, well, I like the chip for 2 reasons.
1. I feel as my transactions are more secure
2. It's easy. No pin, signing your name nada ziltch. Put the chip in and pull it out. Pretty simple. :)
 
StoveBolts said:
lol, well, I like the chip for 2 reasons.
1. I feel as my transactions are more secure
2. It's easy. No pin, signing your name nada ziltch. Put the chip in and pull it out. Pretty simple. :)
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We've had the chip cards for a number of years but they still require the pin. It's only the "tap-and-go" with RFID that don't need a pin.
 
Free said:
We've had the chip cards for a number of years but they still require the pin. It's only the "tap-and-go" with RFID that don't need a pin.
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I'll be darned. I think transactions below a certain amount don't require a pin because most of my transactions are around 30 or 40 bucks and I never have to enter a pin. I think it asked me for my pin one time when the transaction was over 100. I think... anyway...
 
StoveBolts said:
I'll be darned. I think transactions below a certain amount don't require a pin because most of my transactions are around 30 or 40 bucks and I never have to enter a pin. I think it asked me for my pin one time when the transaction was over 100. I think... anyway...
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No pin for me,credit card asks for zip code ,signature at times.
 
If it's run as a credit card, it requires a zip, but I've had to enter my PIN every time after selecting Debit. And some machines kick your card out if you choose Debit and have you go back to swiping like I tried to do in the first place.
 
StoveBolts said:
Yeah, if I run the card as credit at the pump it asks for my zip. They say running your card as credit is safer.
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But more expensive. At least where I live almost every gas station charges 10 cents per gallon more if you use your card as a credit card instead of a debit card. If you drive much at all that adds up to a lot of money every year!
 
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