No Signature Required
Did you notice that sometimes you aren’t required to sign for your credit card purchase? Don’t be alarmed or worried. This is a new push by Visa. Until recently, all credit card purchases had to be signed, whether the purchase amount was $5 or $23. Now, merchants could go ahead and not request your signature for purchases under $25.
CVS, Chipolte, Walgreens, and many other merchants are no longer asking for a signature when making purchases under $25. The benefit of eliminating the signature on small purchases is quite simple for the consumer, speed. Now you won’t have to waste another seconds signing a receipt. For Visa, this means more usage and more payouts.
For those who are worried about ID theft, don’t worry. Visa still protects you from fraudulent charges. The next time you aren’t asked to sign, don’t take it the wrong way, it’s the new thing.
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