But the credit has still been issued before he punches in the dollar
limit. The sequence is: insert card, cards gets validated and credit
amount locked on. Only then does he select a gasoline grade and dollar
limit if applicable.
Chuck Norcutt
John Hermanson wrote:
> Except he's not filling the tank, he's specifically punched in $20 maximum.
> Pump shuts off at $20. Exxon takes $70.
>
>
> John Hermanson, CPS Inc.
> 21 South Lane, Huntington NY 11743
> Olympus OM Service since 1977
> omtech1@xxxxxxxxxxx | www.zuiko.com
> 631-424-2121
>
> Nov 4, 2008 08:39:45 AM, olympus@xxxxxxxxxx wrote:
> It happens at all gas stations, not just Exxon/Mobil. At the time your
> card is accepted for purchase the size of the purchase is unknown so
> they put a lock on the funds that *might* be required. It has certainly
> not been unusual to spend $70 for a tank of gas recently. The same
> thing happens on a smaller scale when you use a card at a restaurant.
> The purchase is accepted by the card issuer before the final total is
> known since you haven't yet added a tip. They lock the purchase price
> plus some amount for a tip. It's all reasonable except for the part
> about holding the funds for anything more than an hour. That's the part
> that should be illegal.
>
> Chuck Norcutt
>
> John Hermanson wrote:
>> A weird story. A friend of mine lives in the Binghamton NY area and
>> used to use his Paypal debit card for buying gas for his truck. Twice,
>> Exxon/Mobil stations debited his card $70 for a $20 gas purchase! After
>> spending an hour on the phone, Exxon explained they do it "just in case
>> there are problems with paypal. Don't worry, you'll get the $50 back in
>> a few days". No one else handled the card, he paid at the pump, this
>> extra penalty must be built into their "firm"ware. He got his money
>> back, but they had it for 10 days to do with as they wish. Sounds
>> frickin' illegal, underhanded or something you'd expect an oil company
>> would do in the '20s.
>> ___________________________________
>> John Hermanson | CPS, Inc.
>> 21 South Ln., Huntington NY 11743
>> 631-424-2121 | www.zuiko.com
>> Olympus OM Service since 1977
>> Gallery: www.zuiko.com/album/index.html
>>
>>
>> Chuck Norcutt wrote:
>>> It's probably happening all over the place. Anyone lending money these
>>> days is taking steps to limit their exposure.
>>>
>>> Chuck Norcutt
>>>
>>> John Hermanson wrote:
>>>> Anyone here using American Express recently discover their credit limit
>>>> has been cut way way back and AE won't explain why? AE used to the "no
>>>> limits" cc.
>>>> ___________________________________
>>>> John Hermanson | CPS, Inc.
>>>> 21 South Ln., Huntington NY 11743
>>>> 631-424-2121 | www.zuiko.com
>>>> Olympus OM Service since 1977
>>>> Gallery: www.zuiko.com/album/index.html
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