2006-08-26 09:45:51 · 8 answers · asked by IAskUAnswer 6 in Business & Finance ➔ Credit
Yes. There was a new rule passed that no longer requires signatures for purchases under a certain amount.
2006-08-26 09:55:17 · answer #1 · answered by personal_finance_101 3 · 0⤊ 0⤋
Yes it legal. Kroger's self checkout is $50.00 before a signature is required for Credit card purchase. Other places it $25.00 or more before a signature is required. The exceptions to this rule is when you pay at the pump, online, or by phone-you don't need to sign for any amount.
In my opinion this is a bad idea. A kid could go to the store and hit credit card and walk out the store without any problem. Same with a thief.
2006-08-27 05:54:52 · answer #2 · answered by webworm90 4 · 0⤊ 0⤋
Most stores file these as "signature on file" if for some reason they don't get your signature.
They want the money for the purchase -- it isn't illegal -- but if you want to protest a purchase it is in your best interest to sign at any opportunity.
2006-08-26 09:53:53 · answer #3 · answered by kaliselenite 3 · 0⤊ 0⤋
probably cause the signature doesn't go to the credit card company. The signature stays in the store and goes in the daily business file for the store.
2006-08-26 09:52:23 · answer #4 · answered by snail 4 · 0⤊ 0⤋
Yes, I know places like CVS and Starbucks don't make you sign for purchases under $10 or $20
2006-08-26 09:59:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
In most states if you have less than a certain amount for the bill they don't have you sign it. This is for speed. They do this so if your card is stolen they can only buy little things instead of big things.
2006-08-26 09:54:13 · answer #6 · answered by Ethan 2 · 0⤊ 0⤋
Depends on how their system is set up if you sign or not. Always ask for a receipt.
2006-08-26 09:53:01 · answer #7 · answered by GoldnHart 4 · 0⤊ 0⤋
no.....in my state you dont have to sign for CC purchases less than 25 dollars
2006-08-26 09:51:26 · answer #8 · answered by rsist34 5 · 0⤊ 0⤋