Truck stops.
After deciding to buy a Fifth-wheel I started thinking what I would need to know about this thing. One of the first things I realized is I have not been at a truck stop with a trailer hitched up sinc...
Forum Discussion
fj12ryder wrote:
That sounds reasonable but I don't think so. I can go inside, leave my card and fill my tank with over the $100 limit with no issues. If it was worry about fraudulent transactions reimbursement, then it shouldn't work then either. They simply wouldn't allow any charges more than their reimbursement limit.
That's part of the fraud protection process, the merchant is supposed to check the card against the holder, which they cannot do when swiping at the pump. Not saying that the clerk actually does the check, but that's the whole idea why the pump will spin past $100 when you go inside vs swiping it: the card holder has been verified.
Same concept with ecommerce vs in store credit card transcactions: the fee by the credit card processor is higher on ecommerce than it is on in person transactions. There is the implicit assumption that the clerk is making sure the person in front of them is the one who owns the card, hence the lower fee (because there actually is less fraud with in person vs not in person transactions). The hoops you have to jump through to get reimbursed as a merchant are much lower when the transaction was done in person, too, vs when the card "is not present."
These fees and mandates regarding fraud reimbursement are not set by the gas station. My company handles both ecom and in person transactions, that's why I'm so familiar with credit card processor and issuer policy.
