To: The Virginia State Senate
Visa Charge to consumers
10 States are protected against the Visa companies charging consumers a fee just to use their own cards and spend their own money. i.e. Bank Cards. When the law was passed for Visa protection, and debit cards were not protected, they found loop holes yet again. . If 10 states said "No way" I feel Virginia and all the other states should be apart of that list, and if not, they explain why? This is now leading people to feel that shopping should just be stopped all together, and that is just what will happen, I will go right back to check writing and not shop. Then let the retail see just how much they lose when everyone gets on this Band Wagon. This is just a shame. We should not have to pay anything extra for using our Visa Cards, we are spending are we or are we not?
Why is this important?
The Visa Company is trying to find loop holes in yet again trying to make an extra buck. 10 states said no, and who want to cross or wait to shop until we visit one of these states? I know for a fact that each store who does this will lose my business all around. This is just another way to make a buck, the Visa was protected by bank once and they were losing a lot of money I guess from not allowing money to be spent when folks didn't have any money. Charging all the over draft fees, when the banks knew they consumer didn't have the funds. Since check books are not used much anymore, folks just guess sometimes about their balance.