Comments on: Two signatures? http://nyc.metblogs.com/2007/02/28/two-signatures/ Sun, 22 Nov 2009 05:58:39 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Noah http://nyc.metblogs.com/2007/02/28/two-signatures/comment-page-1/#comment-3909 Noah Thu, 01 Mar 2007 14:09:52 +0000 http://nyc.metblogs.com/2007/02/28/two-signatures/#comment-3909 Regarding the double-signature, I suspect the reason for this is that once you sign a receipt, it is harder for you to dispute the amount after the fact. So, if people were just signing the credit card receipt, they could claim after the fact that they were overcharged and signed it without looking. If you signed the itemized receipt and the credit card receipt, it is pretty difficult to then go back and say you didn't agree with a charge... But that is total conjecture. Who knows? Regarding the double-signature, I suspect the reason for this is that once you sign a receipt, it is harder for you to dispute the amount after the fact. So, if people were just signing the credit card receipt, they could claim after the fact that they were overcharged and signed it without looking. If you signed the itemized receipt and the credit card receipt, it is pretty difficult to then go back and say you didn’t agree with a charge…

But that is total conjecture. Who knows?

]]> By: Eric http://nyc.metblogs.com/2007/02/28/two-signatures/comment-page-1/#comment-3908 Eric Wed, 28 Feb 2007 18:56:46 +0000 http://nyc.metblogs.com/2007/02/28/two-signatures/#comment-3908 Do you really want to know, Josh? :-) Ok, here's how the tipping thing works usually. when you have your card swiped at a place which accepts tips via credit, the card is authorized for some percentage over the bill (it's usually something like %10). If your bill is $20, they'll authorize it for $22. then you sign it and write a tip in for $5, which means your final total will be $25. The waiter or waitress will close out the bill for $25 but you might find a fast-posting bank (like citibank) will already show a pre-charge of $22. that will change when the restaurant batches its credit card receipts and the real total, $25, gets sent to your cardholder. Then, when the final amount posts, it will have changed to $25. When I was a waiter, I had an IRATE customer accuse me of overcharging her when she had paid me (generously, I might add) with a cash tip but had gone back to work and noticed her card was overcharged. Do you really want to know, Josh? :-)
Ok, here’s how the tipping thing works usually.
when you have your card swiped at a place which accepts tips via credit, the card is authorized for some percentage over the bill (it’s usually something like %10). If your bill is $20, they’ll authorize it for $22.
then you sign it and write a tip in for $5, which means your final total will be $25.
The waiter or waitress will close out the bill for $25 but you might find a fast-posting bank (like citibank) will already show a pre-charge of $22. that will change when the restaurant batches its credit card receipts and the real total, $25, gets sent to your cardholder. Then, when the final amount posts, it will have changed to $25.
When I was a waiter, I had an IRATE customer accuse me of overcharging her when she had paid me (generously, I might add) with a cash tip but had gone back to work and noticed her card was overcharged.

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