A) You generally don't know if something's a rewards card when they're using it (especially over the internet).
B) Do you want to be told - "sorry, I can't accept your BoA airline rewards miles VISA card, please use a different VISA card"? I'm pretty sure Visa/MC TOS prevent that.
> B) Do you want to be told - "sorry, I can't accept your BoA airline rewards miles VISA card, please use a different VISA card"? I'm pretty sure Visa/MC TOS prevent that.
Why would you do that? As far as a vendor is concerned, a visa is a visa is a visa. If you take a look at the card and say you don't want to accept it based on it being some kind of rewards card that's just bizarre nonsense that would definitely keep customers away.
Nope. A "rewards card" CC jacks up the rates I'm charged. It's the difference between paying 4.5% to process a transaction vs 2.2%. I don't particularly like being forced in to paying extra so someone can go on a 'free' airplane trip. It's not free. It costs me money. And it ends up costing everyone even more, because merchants have to add that 'cost of business' in to the price of everything.
Is that only on POS systems? Because I've never noticed that in all the years I've been doing ecommerce. Maybe I'm just not paying close enough attention.
Yes, different cards charge merchants different amounts. It's generally somewhere around 25 cents per transaction plus between 1.5 and 4.5 percent depending on the specific card being used.
I've had credit card payments refused for high value items (e.g. car repairs) in a way that did make me wonder if the vendor was trying to simply get me to use a different card.
I bet they just didn't want to pay the fees. Did they accept other cards?
Refusing AMEX is a big one from many vendors - AMEX fees typically start at 4-5%, and MC/Visa is typically 2-2.5%. On large repair bills of, say, $1500, and extra 2% is another $30+, just for accepting a different piece of plastic.
B) Do you want to be told - "sorry, I can't accept your BoA airline rewards miles VISA card, please use a different VISA card"? I'm pretty sure Visa/MC TOS prevent that.