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One reason is to load it into their employers expense system for reimbursement... My company credit card expenses automatically show up in our expense system fo
by Johnny555 7y ago
One reason is to load it into their employers expense system for reimbursement... My company credit card expenses automatically show up in our expense system for easier expense reporting.
Another reason is so I can audit the charges -- if my credit card had an option for "Don't track individual purchases", I wouldn't use it since I want to look at the charges at the end of the month and make sure they were mine.
- jefftk 7y agoGoing even farther, I'd love it if full receipts passed through the credit card system. Yes, my credit card company would mine the data, but replacing "$20 at FOOCORP on 11/23" with "$20 at FOOCORP on 11/23 <click for receipt>" would be well worth it to me. (I wrote up something advocating this in https://www.jefftk.com/p/attach-receipts-to-credit-card-transactions https://www.jefftk.com/p/attach-receipts-to-credit-card-tran...)
- OJFord 7y agoThere's a startup or two doing that in the UK (can't recall the names), but if course it only works for shops that are on board and use a till system that supports it.
- tjohns 7y agoThe functionality exists, and many receipts already do get uploaded into the credit card network. It’s called “Level 3” transaction data. This is especially true for air travel, where ticket details are almost always attached to the charge. However, I’ve started seeing it done at some large online merchants as well (e.g. Amazon). It’s typically used for expense tracking on corporate p-cards. It’s rare to see the additional details displayed for consumer accounts, but the data is there on the backend.
- cpitman 7y agoI'm onboard. The amount of time I have to mess with receipts is a pain, all for reimbursement. And on the other side are receipts I never had any use for, which get tossed in the trash immediately.