Originally Posted by littlewinglet

How is CVS losing money from fraud? They swipe ID and use PIN transactions. Any fraud would not be their responsibility and would be written off by the CC.

It's the people who pay with cash ,or stolen debit card who would in fact be more of a liability. Debit cards give almost zero protection to the owner, and who the heck carries around $2k in cash for GC purchases?

End result is CVS stores with such policy have shelves brimming with cards and almost zero sales. I confirmed as much by talking to cashiers. Since the GC merchant pays to rent rack space, I'm not sure they'd love this arrangement.

Originally Posted by lumangoy

pin transactions? most use credit cards.

I'm not familiar with credit card fraud... who pays... but doesn't the store pay it and that's why some are NOT allowing CCs?

Originally Posted by littlewinglet

Sorry I meant CHIP transactions....not pin. And no, if the store follows CC protocol and uses CHIP cards and checks ID, they're not responsible, that was the whole point of switching to chip cards and why stores that were late to that game temporarily stopped selling gift cards