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-   -   CVS master thread(2013-2016) (https://www.flyertalk.com/forum/manufactured-spending/1449551-cvs-master-thread-2013-2016-a.html)

Preacher7 Apr 1, 2014 11:57 am

3 more beans, just like clockwork in the Midwest (not Chicago). Still think this is regional...

tuphat Apr 1, 2014 12:00 pm

My store manager is an extremely sharp older Russian lady that was probably a surgeon back in the old country. She gave me a copy of the memo w/ product numbers, and said that the new policy starts April 2 in our area. She also said that the registers would be programmed to deny CC use, such her people really didn't have to be re-trained.

Good thing I had some VRs stashed behind the Bob Evans cards ...

Alcibiades Apr 1, 2014 12:02 pm


Originally Posted by glocklt4 (Post 22629601)
Debit card fees are MUCH lower... like 20 cents a transaction compared to 2%

this is accurate, 21 cents plus 0.05% for major debit cards

bobert24 Apr 1, 2014 12:03 pm


Originally Posted by Preacher7 (Post 22629630)
3 more beans, just like clockwork in the Midwest (not Chicago). Still think this is regional...

Regional was a good guess until we got the updated memo. Now it's pretty clear that the only thing that's regional is the rollout date.

vinay2543 Apr 1, 2014 12:03 pm

Still working in Suburban Charlotte, NC....Just got 5k more

glocklt4 Apr 1, 2014 12:04 pm

Gary from View from the Wing supposedly has a CVS employee who commented on his blog entry that he has the memo on his desk confirming 4/4 all stores will be cash only.

brettskyg Apr 1, 2014 12:04 pm

Does anyone know if this change impacts vanilla gift cards or mvd cards??

silver6054 Apr 1, 2014 12:05 pm


Originally Posted by glocklt4 (Post 22629503)
I am certain that there are people on here who know more than he does about prepaid cards... by FAR :D

Well, possibly only from one side. Not sure any MS person would be great at running the business profitably

Preacher7 Apr 1, 2014 12:07 pm

So far VGCs are safe. Not one report on this thread about them going under too, which is great! My Wally World is right on the way home from my CVS. Even if it's not regional, as long as the VGCs stay the same, it's totally game on!

GatorBlues Apr 1, 2014 12:09 pm

Got $5K in VRs from my favorite Atlanta location today. The manager, who I know pretty well, knew nothing about any potential move to cash only.

UserMark Apr 1, 2014 12:09 pm

Boston MA: Bought some Vanilla variables ($20-$500, 4.95 fee) today with a credit card, as usual.

hamokmonky Apr 1, 2014 12:09 pm


Originally Posted by ericdabbs (Post 22629629)
So you work in the industry to come up with this number? Also its 20 cents per transaction regardless of the amount? I don't buy that. Doesn't matter if debit card fees are much lower. That is still a fee. We know that CVS already does not pay the often misquoted 1.9 - 2.9% processing fees on CC but yet they opted to get rid of it anyway. It won't matter how low the fees are because due to the sheer volume of MSers buying the lion share of reloadable cards all over the US. Even if it was 0.20% to 0.40% for debit card it all adds up. If it was just that cheap regardless of transaction amount, then give me a reason why CVS wouldn't do it?

The point is the memo states that the reason is increased card swipe fees. If the VR at CVS was previously profitiable, breakeven, slight loss, whatever, with a CC before the increase, clearly its now considered enough of a loss with the increase that its not worth doing anymore (per memo statment), however, there is no way that paying with a VR with a CC BEFORE the increase was in anyway shape or form cheaper than a debit card transaction, and i highly doubt debit card transactions have risen to the level OVER what the fees for paying with a CC used to be, so if VRs were being nixed on the sole reason of increased fees, and they still desired selling them, debit cards would still provide enough of a margin for them to keep them. But they arent allowing debit card purchases either, its cash only. So the increase in fees is clearly not the main reason for disallowing purchase, its just being used as the reason.

glocklt4 Apr 1, 2014 12:13 pm


Originally Posted by silver6054 (Post 22629687)
Well, possibly only from one side. Not sure any MS person would be great at running the business profitably

profitability??? What's that?? :D. 5% cash back!

LSUFan Apr 1, 2014 12:15 pm

Denied in Houston at Westheimer @ Voss. Manager working the register said cash only on VRs. Also tried Westheimer @ Yorktown but no cards in stock.

Preacher7 Apr 1, 2014 12:16 pm


Originally Posted by UserMark (Post 22629731)
Boston MA: Bought some Vanilla variables ($20-$500, 4.95 fee) today with a credit card, as usual.

You see, that's outstanding news! With VGCs still in play, the game is still on big time. It's a dollar more, and a trip to WalMart. Still the best option out there for low hanging fruit, for sure.


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