Originally Posted by
ZontarTheThingFromVenus
Has anyone considered that maybe this was a tactic used by CVS to negotiate a lower fee from InComm? The CVS memo did give as a reason an increase in fees which made continued selling of VR via CC not worthwhile. After the dust settles and a comparison can be made between first and second quarter sales of VR, maybe InComm will be persuaded to strike a new fee arrangement which will be beneficial to both parties. Don't be surprised if the cash only policy gets reversed later in the year.
Id be very surprised to see the VRs return using CCs. If anything I wouldnt be at all surprised to see all GCs going no CC either
There were too many scams running , the main one was people called up the stores as if they were Execs with MVD or CV and got the employees to scratch off the card and tell them the pin. Or the IRS scam which went the same way but John Q public bought the VRs and sent in the info. Once the card is activated and they have the pin the $$ was in their pocket
With a reg GC you need the actual card to get the $$ off of it. I can think of a few things they can do to get them but its not as smooth and easy as the VRs were. Once the amount of fraud starts rising with the GCs they too will go ca$h only, just as it is in some supermarkets