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Credit card -- No signature required?

N

Nebben

Senior member
Is there some monetary limit below which a signature is no longer required for swiping someone's credit card?

I just wonder because suddenly all these drive-thrus and Starbucks and so on are just swiping your card and giving it back to you and that's that. Are they just willing to take the hit if someone actually is ridiculous enough to dispute a $5 charge?

My understanding is that if they don't have some sort of proof that you actually paid for it and it wasn't a case of a stolen card, fraudulent charge, etc. they won't get paid if the owner of the card claims one of the aforementioned things.

 
Paying 5$>slowing down the drive thru and having customer's pissy at the idiot who used his CC to pay for a coffee.
 
I usually don't even sign my own name for small purchases and use my credit card for everything. I think I wrote some racist slur on my receipt at pizza hut today
 
Originally posted by: sonz70
Paying 5$>slowing down the drive thru and having customer's pissy at the idiot who used his CC to pay for a coffee.
Click to expand...

I find it's faster since you don't need to wait for change
 
Originally posted by: Nebben
Is there some monetary limit below which a signature is no longer required for swiping someone's credit card?

I just wonder because suddenly all these drive-thrus and Starbucks and so on are just swiping your card and giving it back to you and that's that. Are they just willing to take the hit if someone actually is ridiculous enough to dispute a $5 charge?

My understanding is that if they don't have some sort of proof that you actually paid for it and it wasn't a case of a stolen card, fraudulent charge, etc. they won't get paid if the owner of the card claims one of the aforementioned things.
Click to expand...

Technically yes, if you don't sign you COULD dispute the charges. But when they swipe the card it's proof that it was physically at that location. Your ccard company will then check charges before and after, and if you don't dispute those and they were in the same general area, then either somebody stole your card for a quick coffee then you got it back, or you're lying. It'd be very hard to get away with, and very not worth it.
 
Originally posted by: AgaBoogaBoo
Originally posted by: sonz70
Paying 5$>slowing down the drive thru and having customer's pissy at the idiot who used his CC to pay for a coffee.
Click to expand...

I find it's faster since you don't need to wait for change
Click to expand...

It is faster, thats why they do not require a signature, so they can keep it faster.
 
Originally posted by: Sphexi
Originally posted by: Nebben
Is there some monetary limit below which a signature is no longer required for swiping someone's credit card?

I just wonder because suddenly all these drive-thrus and Starbucks and so on are just swiping your card and giving it back to you and that's that. Are they just willing to take the hit if someone actually is ridiculous enough to dispute a $5 charge?

My understanding is that if they don't have some sort of proof that you actually paid for it and it wasn't a case of a stolen card, fraudulent charge, etc. they won't get paid if the owner of the card claims one of the aforementioned things.
Click to expand...

Technically yes, if you don't sign you COULD dispute the charges. But when they swipe the card it's proof that it was physically at that location. Your ccard company will then check charges before and after, and if you don't dispute those and they were in the same general area, then either somebody stole your card for a quick coffee then you got it back, or you're lying. It'd be very hard to get away with, and very not worth it.
Click to expand...

I see.

I always figured it was very rare that the business would have a problem, but I really wondered about the legal aspects.

That being said, I'd like to make a motion to eliminate paper money and coins from existence 🙂

I hate carrying around cash and having to deal with going to ATMs and stuff all the time. And really, it's probably faster for a drive-thru worker to just swipe a card and hand it back than to count change and such.


And about the person actually checking the signature, I know that 95% of the time nobody cares. I've been signing stuff like "Bucky O'Hare" and "Bilbo Baggins" for years just for something to do and never had an issue.
 
Originally posted by: cubby1223
you never sign anything when you order things over the internet, or by phone.
Click to expand...

But you also generally have to have it shipped to your CC billing address, thereby eliminating a lot of fraud.

 
Originally posted by: Nebben
Originally posted by: Sphexi
Originally posted by: Nebben
Is there some monetary limit below which a signature is no longer required for swiping someone's credit card?

I just wonder because suddenly all these drive-thrus and Starbucks and so on are just swiping your card and giving it back to you and that's that. Are they just willing to take the hit if someone actually is ridiculous enough to dispute a $5 charge?

My understanding is that if they don't have some sort of proof that you actually paid for it and it wasn't a case of a stolen card, fraudulent charge, etc. they won't get paid if the owner of the card claims one of the aforementioned things.
Click to expand...
That being said, I'd like to make a motion to eliminate paper money and coins from existence 🙂
Click to expand...

In theory it would be nice, but it'd just let the government track us that much more.
Click to expand...
 
Originally posted by: AgaBoogaBoo
I usually don't even sign my own name for small purchases and use my credit card for everything. I think I wrote some racist slur on my receipt at pizza hut today
Click to expand...

I usually draw a picture.
 
Originally posted by: Tu13erhead
Originally posted by: Nebben
Originally posted by: Sphexi
Originally posted by: Nebben
Is there some monetary limit below which a signature is no longer required for swiping someone's credit card?

I just wonder because suddenly all these drive-thrus and Starbucks and so on are just swiping your card and giving it back to you and that's that. Are they just willing to take the hit if someone actually is ridiculous enough to dispute a $5 charge?

My understanding is that if they don't have some sort of proof that you actually paid for it and it wasn't a case of a stolen card, fraudulent charge, etc. they won't get paid if the owner of the card claims one of the aforementioned things.
Click to expand...
That being said, I'd like to make a motion to eliminate paper money and coins from existence 🙂
Click to expand...

In theory it would be nice, but it'd just let the government track us that much more.
Click to expand...
Click to expand...
That is a good point. I forsee chip implants that are used for money, identification purposes and complete invasion of privacy as a hot debate topic in 5-10 years :/
 
Originally posted by: BMdoobieW
I love SpeedPass and ExpressPay
Click to expand...

I'm all over SpeedPass - and it does affect which gas station/convenience store I go to. What's ExpressPay?
 
Well, if it is fraud, then doesn't it cost $50 to get a charge removed from your account? I'm guessing it's because it would cost more to deal with it, than to just let it go.
 
Ok, so McDonalds doesn't require you to sign. You can order 300 McChicken sandwiches then. Har.

I was waiting at Quiznos to sign too and they said no. My order was like $9 too.. ehh
 
Visa has a "no signature required" policy for bills under i believe 25 dollars. its somewhere in that range. Its up to the company taking the cards to decide whether they want signatures for orders that fill the criteria.

by the way, this has been in place for a long time, it just hasnt been used much till the last few years.

slu MD
 
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