Your Minimum Viable Product is Processing Credit Cards

Re:Your Minimum Viable Product is Processing Credit Cards by raverbashing on Wednesday January 09, 2013 @11:39AM (#5032343)

"Why use Cedit Cards at all?"

I found that out when trying to rent a car in the US.

And mind you I had a credit card, although with a low limit (like $400 and it was almost there). I also had cash to pay for the whole thing upfront.

But trying to pay with cash was as successful as trying to pay with goats.

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Re:Your Minimum Viable Product is Processing Credit Cards by btilly on Wednesday January 09, 2013 @11:55AM (#5032423)

Try not returning your car, and you'll find out why they wanted your credit card.

People walk away from a cash deposit more easily than a credit card.

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Re:Your Minimum Viable Product is Processing Credit Cards by Firehed on Thursday January 10, 2013 @01:30AM (#5035801)

Which is actually an absurd thing for the rental companies to do, since they a) don't know the credit limit on the card and b) would immediately get a chargeback if they tried to recover anything beyond the actual rental rate. They would fight and have a not totally unreasonable chance of winning the chargeback, but the reality is they'd be far better off chasing you down with collections agencies.

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Re:Your Minimum Viable Product is Processing Credit Cards by raverbashing on Thursday January 10, 2013 @05:50AM (#5036343)

They don't know the limit but they can try to put a hold and the CC company approves it or not.

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Re:Your Minimum Viable Product is Processing Credit Cards by btilly on Thursday January 10, 2013 @07:11PM (#5040583)

For educated thieves, sure.

But it is enough to deter a lot of people who otherwise might get tempted.

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Re:Your Minimum Viable Product is Processing Credit Cards by raverbashing on Wednesday January 09, 2013 @02:06PM (#5032826)

I understand that

I'm just pointing out "not using credit cards" is not an option sometimes.

(But the amount they hold on the credit card is small, I think it was around $300, still)

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