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>Almost every commercial transaction at the retail level allows you to use a method of payment that does not guarantee that the seller will actually receive tha

>Almost every commercial transaction at the retail level allows you to use a method of payment that does not guarantee that the seller will actually receive that money (credit cards). That's not how credit cards work. At all. >You order food for pickup, and the great majority of restaurants will let you walk in and pick a bag off an unattended table without any attempt to verify that you did in fact order what you're taking I have literally never seen this once in my life. Where do you live where the "great majority" of restaurants operate this way?

samizdette 5y ago
Chipotle and Starbucks do it with online orders. However, they do that because they are big enough corporations to replace anything wrongly taken for free.
- kaibee 5y ago
  This really varies a lot with where you live. I'm almost an hour out of philly, very solidly middle-class office-y medical/pharma area and yeah, the sushi place I go to (not a chain, local place) just lays out the stuff on the counter for pickup, and you just look at the attached receipt since you actually what _you_ ordered. This would of course be ludicrous to do in some parts of the city itself.
IncRnd 5y ago
>>Almost every commercial transaction at the retail level allows you to use a method of payment that does not guarantee that the seller will actually receive that money (credit cards). >That's not how credit cards work. At all. Not the OP, but that's exactly how cards work. When a card is swiped the seller doesn't receive the funds until possibly days later. There is absolutely no guarantee that the seller will actually receive that money, since it can be disputed or charged-back.
- jaywalk 5y ago
  In retail, the actual risk of not receiving money for a credit card transaction is pretty low. In the case of a stolen credit card, the retailer is not responsible for the fraud and will be paid. Outside of some sort of mistake (or outright fraud) on the part of the retailer that they refuse to correct, the fact that the credit card was physically present resolves pretty much everything else.
  - IncRnd 5y ago
    Yes. I didn't say that the risk is incredibly high. If it were, cards would not be used. The point was that payment is not guaranteed, since chargebacks are allowed.
    - ClumsyPilot 5y ago
      The risk is 0.001%, and it brings in 30% (or whatever) more business. This has nothing to do with trust, it's a simple equation.
      - IncRnd 5y ago
        You're comparing apples and oranges. This is not a risk, revenue, or trust discussion. The discussion was that credit card payments are not guaranteed due to chargebacks. This is a truism and has nothing to do with the percentatge of chargebacks that occur.
        nohat00 5y ago
        This is exactly correct, and the parent's suggestion that the risk of chargebacks is something like 0.001% is WAAAAY off. Like, by orders of magnitude off. Any business that processes credit card transactions at scale, card present or card not present, is going to have a whole department of people who all they do all day long is deal with chargebacks. It does seem like there are some people here who think they know how credit cards work but actually have no idea.
        5y ago

samizdette 5y ago

Chipotle and Starbucks do it with online orders. However, they do that because they are big enough corporations to replace anything wrongly taken for free.

kaibee 5y ago
This really varies a lot with where you live. I'm almost an hour out of philly, very solidly middle-class office-y medical/pharma area and yeah, the sushi place I go to (not a chain, local place) just lays out the stuff on the counter for pickup, and you just look at the attached receipt since you actually what _you_ ordered. This would of course be ludicrous to do in some parts of the city itself.

IncRnd 5y ago

>>Almost every commercial transaction at the retail level allows you to use a method of payment that does not guarantee that the seller will actually receive that money (credit cards). >That's not how credit cards work. At all. Not the OP, but that's exactly how cards work. When a card is swiped the seller doesn't receive the funds until possibly days later. There is absolutely no guarantee that the seller will actually receive that money, since it can be disputed or charged-back.

jaywalk 5y ago
In retail, the actual risk of not receiving money for a credit card transaction is pretty low. In the case of a stolen credit card, the retailer is not responsible for the fraud and will be paid. Outside of some sort of mistake (or outright fraud) on the part of the retailer that they refuse to correct, the fact that the credit card was physically present resolves pretty much everything else.
- IncRnd 5y ago
  Yes. I didn't say that the risk is incredibly high. If it were, cards would not be used. The point was that payment is not guaranteed, since chargebacks are allowed.
  - ClumsyPilot 5y ago
    The risk is 0.001%, and it brings in 30% (or whatever) more business. This has nothing to do with trust, it's a simple equation.
    - IncRnd 5y ago
      You're comparing apples and oranges. This is not a risk, revenue, or trust discussion. The discussion was that credit card payments are not guaranteed due to chargebacks. This is a truism and has nothing to do with the percentatge of chargebacks that occur.
      - nohat00 5y ago
        This is exactly correct, and the parent's suggestion that the risk of chargebacks is something like 0.001% is WAAAAY off. Like, by orders of magnitude off. Any business that processes credit card transactions at scale, card present or card not present, is going to have a whole department of people who all they do all day long is deal with chargebacks. It does seem like there are some people here who think they know how credit cards work but actually have no idea.
        5y ago