use of debit card at gas pump

[youtkiddin]

whats up with the conveniance (spelling) stores charging a dollar to your bank account.some one told me if you go in this dont happen. or if you select credit. any feed back?

[solefald]

i read somewhere (i think on getrichslowly blog) that when you pay for gas with debit card, they put a "pre-authorization charge" on your card, which may be MUCH higher than the actual amount you would pay for a full tank of gas. that creates insufficient funds problem for many people.

but yes, they will charge you more for debit AND credit card transaction.

local Valero (CA) stations charge up for $1 more PER GALLON!

[jlstyle]

I found it weird when they were charging a dollar for any debit card usage at the convinient stores in gas stations back in seattle...
I was like WTF??

[Feyd]

I hated that Valero BS when I lived in Cali. I've never heard of $1 gallon, but I have seen a dollar+ on the whole transaction.

Now I get to deal with the BP station that is closest to my home (by far) not accepting my debit card at the pump. So I constantly have to go in to pay and get stuck behind some idiot trying to pay for gas with pennies. *bleh*

[Inspired]

Never saw that before in the bay area except for Arco. Arco is the only gas station that charge a fee for using credit card

[youtkiddin]

just another way the rich keep getting richer. this was one of the reasons i got a debit card. just for the conveniance.

[335R1]

Originally Posted by solefald

i read somewhere (i think on getrichslowly blog) that when you pay for gas with credt card, they put a "pre-authorization charge" on your card, which may be MUCH higher than the actual amount you would pay for a full tank of gas. that creates insufficient funds problem for many people.

but yes, they will charge you more for debit AND credit card transaction.

local Valero (CA) stations charge up for $1 more PER GALLON!

Gas stations require your credit card to have $100. Its their preauthorization requirement. Debit card use will only show $1 until it goes through a couple days later. Watch out for this part guys, because that's how people get charged overdraft fees. Gas stations will hold for 2-3 days and you think you have more than enough money and just spend during the weekend. Comes monday or tuesday, you're hit by the gas station.

[solefald]

Originally Posted by 335R1

Gas stations require your credit card to have $100. Its their preauthorization requirement. Debit card use will only show $1 until it goes through a couple days later. Watch out for this part guys, because that's how people get charged overdraft fees. Gas stations will hold for 2-3 days and you think you have more than enough money and just spend during the weekend. Comes monday or tuesday, you're hit by the gas station.

this affects debit cards too.

http://articles.moneycentral.msn.com...DebitCard.aspx

[UncleWede]

The WORST thing I've ever seen, just recently, is a charge by the bank for depositing cash.

W
T
F!!!!!

[Georgeair]

Look - I've been tight on cash before, and I will likely be again, but how often does someone put gas in an M3 and worry about the difference between the temporary fund hold of $100 and the actual charge to eventually come through of $45? Seriously.

[Feyd]

Originally Posted by Georgeair

Look - I've been tight on cash before, and I will likely be again, but how often does someone put gas in an M3 and worry about the difference between the temporary fund hold of $100 and the actual charge to eventually come through of $45? Seriously.

In Miami and Los Angeles.... every day.

[Georgeair]

In a more serious reply to OP, I think most pumps just run the $1 as a temporary authorization amount, but that goes away when the actual amount hits. That's the way it is with credit, anyway.