Comments on: further adventures of my wallet http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet ten years of jessamyn Tue, 06 Jan 2009 13:29:20 +0000 http://wordpress.org/?v=2.6.1 By: Shannon http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-11647 Shannon Wed, 27 Aug 2008 23:40:00 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-11647 This happened to me once with my MC check card...I found out when my card suddenly stopped working as I was filling the gas tank on a rental car in San Francisco (of course). They froze my entire account until several days later -- and the purchases that happened all took place at a WalMart in NY state. Since I don't shop there either, I had a similar "no, I don't shop at WalMart" conversation with the bank people. Very irritating. This happened to me once with my MC check card…I found out when my card suddenly stopped working as I was filling the gas tank on a rental car in San Francisco (of course). They froze my entire account until several days later — and the purchases that happened all took place at a WalMart in NY state. Since I don’t shop there either, I had a similar “no, I don’t shop at WalMart” conversation with the bank people. Very irritating.

]]> By: Palomo http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-9212 Palomo Sat, 26 Jul 2008 14:52:08 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-9212 Whoever was working the register on that purchase was probably in on the fraud. You'd have to be pretty crazy or pretty dumb to take $480 of merchandise and a cloned card to the register just hoping they don't check your ID. Whoever was working the register on that purchase was probably in on the fraud. You’d have to be pretty crazy or pretty dumb to take $480 of merchandise and a cloned card to the register just hoping they don’t check your ID.

]]> By: Kelly http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-9007 Kelly Thu, 24 Jul 2008 18:38:42 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-9007 Hooray! Chargeback. Walmart should have checked that signature and asked for identification before so quickly agreeing to allow nearly $500 in merchandise leave their store. Hooray! Chargeback. Walmart should have checked that signature and asked for identification before so quickly agreeing to allow nearly $500 in merchandise leave their store.

]]> By: Sommar http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-9003 Sommar Thu, 24 Jul 2008 17:05:26 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-9003 Hello, I work in the credit card industry. The process you are instituting is called a chargeback. In the case of a chargeback the merchant (Walmart) has to eat the fraud, not your bank and not Visa (or Mastercard or whomever). They may also be charged an additional processing fee, anywhere from $10 to $50 that Visa (or Mastercard) will retain. The credit card company may actually make more money from a fraudulent and reversed transaction than a legitimate one. Merchants that generate too much fraud can have their merchant fees (the % going to Visa or Mastercard) raised. This affects smaller merchants much more than a huge entity like Walmart, who likely have their own chargeback insurance to protect against losses above a certain threshold. Thought you might like to know! http://en.wikipedia.org/wiki/Chargeback Hello,

I work in the credit card industry. The process you are instituting is called a chargeback. In the case of a chargeback the merchant (Walmart) has to eat the fraud, not your bank and not Visa (or Mastercard or whomever). They may also be charged an additional processing fee, anywhere from $10 to $50 that Visa (or Mastercard) will retain. The credit card company may actually make more money from a fraudulent and reversed transaction than a legitimate one. Merchants that generate too much fraud can have their merchant fees (the % going to Visa or Mastercard) raised. This affects smaller merchants much more than a huge entity like Walmart, who likely have their own chargeback insurance to protect against losses above a certain threshold.

Thought you might like to know!

http://en.wikipedia.org/wiki/Chargeback

]]> By: Mark http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-8915 Mark Wed, 23 Jul 2008 21:01:59 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-8915 Crap. The same thing happened to me two weeks ago--someone used a cloned card at the Oakland Best Buy and bought $2,200 worth of merchandise. Yikers. Crap. The same thing happened to me two weeks ago–someone used a cloned card at the Oakland Best Buy and bought $2,200 worth of merchandise. Yikers.

]]> By: jessamyn http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-8908 jessamyn Wed, 23 Jul 2008 18:34:08 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-8908 Thanks, I replaced the link with one that is functional. Thanks, I replaced the link with one that is functional.

]]> By: Mom http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-8906 Mom Wed, 23 Jul 2008 18:31:28 +0000 http://www.jessamyn.com/journal/2008/07/further-adventures-of-my-wallet#comment-8906 Sadly, the "cloned" video is no longer available. Sadly, the “cloned” video is no longer available.

]]>