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Is this a bid by Credit Card companies to force everyone to pay them, or so that when you step out of line they can control you by controlling your access to re
by balabaster 8y ago
Is this a bid by Credit Card companies to force everyone to pay them, or so that when you step out of line they can control you by controlling your access to resources?
Either way, impeding your ability to purchase things in any manner you (and your vendor or customer) see fit isn't okay by me.
- tdb7893 8y agoIt's to stop black markets. There are very few legitimate cash transactions over 10k as few people have that much in cash and cash transactions that big are very cumbersome.
- nasalgoat 8y agoI collect pinball machines and they are regularly over $10,000 for the highly-sought titles. Unlike a car which needs to be registered, they are "cash and carry" items and accepting any form of payment other than cash is risky (paypal? cheque? I think not). It's like buying stuff at a garage sale with a credit card. Ridiculous.
- tdb7893 8y ago"Transactions with financial institutions or consumer to consumer non-business transactions will not be affected" so my interpretation is that your use case doesn't apply but I'm not sure