CC cutoff at the pumps

kaiser715

kaiser715

Doing hard time
Joined
Jun 1, 2006
Location
7, Pocket, NC
Like everybody else, I have been frustrated with the $75 and $100 cutoffs at the gas stations when you swipe a CC outside. Found this on another forum, and it helps 'splain it:

I recently found out a coworker owns a local gas station (her DH manages it).

I asked about the pump $50, $75, or $100 cutoff on credit cards. She told me that the station can set any limit they want BUT Visa and Mastercard will only cover the first $75 on a stolen card for cards swiped at the pump. If the card is run inside, there is no limit. If a station has too much bad card activity, Visa or Mastercard may cut that limit down to $50.

So the stations that limit the pumps at $100 are taking a $25 risk on each transaction. Stations that are capping at $50 have to much of a charge back rate and have had Visa and / or Mastercard lower their limit.

With that explanation, I can see how some station owners are pointing their fingers back at Visa and Mastercard for the limits, even though they have the choice on where to set the limit.
Click to expand...
 
This is good info. What a PITA! So are you saying if you go to the counter there is no cutoff? I might try that on my next fillup.
 
I have not been able to fill my truck or my boat up b/c of the pumps stopping at $75.

I have used 3 fuel pumps at the same time with my debit card to fill up my work trucks.

I also found out after 3 swipes that it will decline your card b/c it was used to many times in one place or something of that matter.
 
Back
Top