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Thread: EMV Liability Shift

  1. #1
    Join Date
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    EMV Liability Shift

    Just curious how many of you that do shows or have small businesses that are accepting credit cards? Do you have equipment that reads the new chips on credit cards?

    I used to have the swipe readers for doing credit cards on my phone, but looks like the fraud liability for not using a chip reader has shifted to the merchant if fraud happens and the card has a chip.

    https://www.visa.com/chip/merchants/...lity-shift.jsp

    Of course last week my daughter had her wallet taken, and didn't seem to matter with the bank/credit companies, they credited her back her money and such with no questions asked.
    Darren

    To a small child, the perfect granddad is unafraid of big dogs and fierce storms but absolutely terrified of the word “boo.” – Robert Brault

  2. #2
    Join Date
    Feb 2008
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    East Freeetown, Massachusetts
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    Can do CC thru Paypal

    Pay to an email account using CC

    I would think a smartphone could do that. I don't know cause my flip phone ain't so smart.

  3. #3
    Join Date
    Dec 2009
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    Hillsborough, NC
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    Quote Originally Posted by Darren Wright View Post
    Just curious how many of you that do shows or have small businesses that are accepting credit cards? Do you have equipment that reads the new chips on credit cards?

    I used to have the swipe readers for doing credit cards on my phone, but looks like the fraud liability for not using a chip reader has shifted to the merchant if fraud happens and the card has a chip.
    Although I think they are charging for the hardware, Square has new readers that are chip-compatible, and so I assume other similar services do/will too.

    --dave


    Sent from my iPad using Tapatalk
    --dave

  4. #4
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    Mar 2015
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    Yeah, Square is doing it now. They sent me an email telling me about the upgrade. I'm not sure what they are charging for it, but I will get it fairly soon. The only time I need it is for the one fair I go to every fall. But, yeah. Something about the liabilities and all that stuff. Guess I need to look up the cost of the new reader just so I will know.

  5. #5
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    Mar 2015
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    I just looked it up. Squares new reader is $49.00. It also takes Apple Pay and apparently other stuff as well.

  6. #6
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    Thanks guys. Well I don't do enough shows/sales to really justify the $49 for one, may have to shop around for other cc services that my provide one. It was nice to be able to take a CC once in a while, but may just not do cards anymore.
    Darren

    To a small child, the perfect granddad is unafraid of big dogs and fierce storms but absolutely terrified of the word “boo.” – Robert Brault

  7. #7
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    No, not all of SoCal is Los Angeles!
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    A quick look at just being PCI compliant can be a reality check. This is a major issue for us on the University campus since the folks that sell stuff all want to do it as cheaply and easily as possible. The problem for the University is we are liable for any traffic that we transport. for example if a student uses the campus network to illegally download a movie, we get the DMCA notification and we pay the fine. It is then up to us to police the student. If sellers on campus want to go wireless we make them use their own cellular (as opposed to campus wireless services) as this removes us from the responsibility chain.
    Last edited by glenn bradley; 07-05-2016 at 03:15 PM.
    Any sufficiently advanced technology is indistinguishable from magic.
    - Arthur C. Clarke

  8. #8
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    Quote Originally Posted by glenn bradley View Post
    A quick look at just being PCI compliant can be a reality check. This is a major issue for us on the University campus since the folks that sell stuff all want to do it as cheaply and easily as possible. The problem for the University is we are liable for any traffic that we transport. for example if a student uses the campus network to illegally download a movie, we get the DMCA notification and we pay the fine. It is then up to us to police the student. If sellers on campus want to go wireless we make them use their own cellular (as opposed to campus wireless services) as this removes us from the responsibility chain.
    Interesting, so those "I agree to be good when using the network" confirmations don't cover you at all huh?
    Darren

    To a small child, the perfect granddad is unafraid of big dogs and fierce storms but absolutely terrified of the word “boo.” – Robert Brault

  9. #9
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    Mar 2015
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    I do enough CC sales at the one fair I attend to well over justify the expense of one. Though I will still, like you Darren, look around and see if anyone else offers it with their services or whatever. The only thing that might happen is if they give you the reader for free, they might jack up the service charges. So, free might not really be so free. Have to do some research on that.

  10. #10
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    I only use my square at a few shows I do a year...it's the original that only swipes. Still can swipe most chip cards and at the shows I do I don't have a worry at all that someone is going to use a fake/stolen card. I'll eventually get the new $49 one that allows NFS payment, but not this year I don't think as I'm not sure I will be doing any shows. They also do offer one that does all but the NFS payments for only $29.00
    A man is rich in proportion to the number of things he can afford to let alone. -Henry David Thoreau
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