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A recurring theme is developing in our house. Instead of my wife wanting to know how I spent £120 at Wiggle when she does that boring statement checking thing (I ordered two tyres instead of one, whoops) it's now 'what was £8 from QUICKFLOW or £15 from IZ *MamaMadz'. (Names changed slightly)
One was from the bar at a large hotel/pub/wedding venue, so you'd expect them to have the name of the business, the other was from a small campsite that could have only just got a contactless terminal and perhaps not set it up.
Is there a benefit for a business to take card payments in a different name? Do they perhaps have to pay a higher charge to have their business name against the terminal rather than an auto generated nonsense name?
It wouldn't really matter except that it can create a bit of confusion trying to work out if it's a fraudulent transaction or something we spent ourselves!
Similarly
A long list that just says PayPal, after which you have to log into Paypal to actually see what it all was.
Our work canteen comes out as some Upay something or other. I'm going to assume there is an element of sub-contracting at work depending on the business size.
It's Payment Facilitators / PSPs.
Back in the 90s, little merchants had a direct contract with acquirers like Worldpay or Barclaycard. That's fine, but it means the acquirer has to deal directly with the small merchants, do boring things like merchant application fraud checks, know your customer, anti money laundering checks etc. They're scale operators so that's not what they're best at.
Along come the Payment Facilitators. They sign a single contract with the acquirers and undertake to do all the boring stuff. The acquirer settles one big bill with them every day, they parcel it out across all the thousands of small sub merchants that they process for.
Where it breaks down is when the PF's details are used for the transaction. You didn't buy stuff from the PF, you bought it from the sub merchant.
The card schemes don't like this, it makes things like chargebacks for unrecognised transactions harder to deal with. They have put in place ways to make this work properly but it's taking time for the industry to get there. Give it a couple of years and it'll be sorted.
"Gerrys Offshore Maidenhead".
A recurring theme is developing in our house. Instead of my wife wanting to know how I spent [etc]
Have you considered reminding her that you're a grown adult? Jesus christ man, if I had to justify spending eight quid to my partner I'd be seriously considering a separation.
Have you considered reminding her that you’re a grown adult? Jesus christ man, if I had to justify spending eight quid to my partner I’d be seriously considering a separation.
Are you sure you're not putting words into people's mouths there?
I’d be seriously considering a separation
Crikey, that escalated quickly.
Crikey, that escalated quickly.
Even by STW standards that was quick.
On a similar note if I ever send money to my sister or mates I always reference it love honey returns or pornhub refund.
Crikey, that escalated quickly.
And here was me thinking the OP was laying a bit of groundwork for when 'xxxgrotfilthvids' appears on his statement.
Are you sure you’re not putting words into people’s mouths there?
I'm not even remotely sure, no. But if anyone was questioning why I'd spent eight pounds I'd be having a conversation.
Well, I checked out a new cafe today called "Fannys", so I can't wait to see what MrsMC makes of me spending £6.35 there this morning....
I’m not even remotely sure, no. But if anyone was questioning why I’d spent eight pounds I’d be having a conversation.
I'm guessing she's looking for fraudulent stuff, rather than questioning his spending?.
Oh, wait,
Is this a joint account? I've never had one of those so that didn't immediately occur to me.
I’m guessing she’s looking for fraudulent stuff, rather than questioning his spending?.
Because if it's not a joint account, why can she even see it?
I think you're getting a different interpretation of events.
I think rather than it being an interrogation it's more of a bill checking exercise and unsure what these weird payments are. As for how did you spend £XXX here/there, we do that to each other. Neither cares really.
Well, I checked out a new cafe today called “Fannys”, so I can’t wait to see what MrsMC makes of me spending £6.35 there this morning….
Please inform us what it shows as on said statement and then pass on the location.
I dunno, it's probably me. I just find the notion that "becoming a partnership" meaning you have to reject "being an individual" to be a bit... well, I'm not going to say abusive but perhaps unhealthy? These shouldn't be mutually exclusive. Maybe it's my baggage showing.
"What's this transaction in our joint account?" is one thing, "what's this transaction in your account?" is a whole other ball game. How do you ever buy each other birthday presents?
Well, I checked out a new cafe today called “Fannys”, so I can’t wait to see what MrsMC makes of me spending £6.35 there this morning….
I'd hope she'd complain about their grammar at the very least.
I am sure we prefer Fannys to Fanny's..
Well, it's either Fanny's or Fannies. Fannys makes no sense.
Not if the full name is Fanny's Fannies.
On a similar note if I ever send money to my sister or mates I always reference it love honey returns or pornhub refund.
They must love you come mortgage application time
Apologies for my missing the apostrophe
Bloody hell, Cougar is on one today!
Apologies for my missing the apostrophe
Bloody hell, Cougar is on one today!
Aye, I think someone's proper shat on his chips!
Isn’t that Costa coffee? I remember seeing that once and had to google it to find out it was a Costa franchise.
For the avoidance of doubt, I wasn't being entirely serious.
I'm not sure you could get enough for £6.35 to concern your partner MCTD
On a similar note if I ever send money to my sister or mates I always reference it love honey returns or pornhub refund.
They must love you come mortgage application time
Oooooooooh ****! I forgot about that! The lass at First Direct got a few laughs out of that.
I have it on good authority that if you visit a certain gentleman's club in Watford any payment made will come up on your statement as "Wizards Sleeve"
Explain that one to your other half.........
Similarly
A long list that just says PayPal, after which you have to log into Paypal to actually see what it all was.
Mine is just Paypal and Amazon, shame they don't actually list what it was as well.
Cougar, calm down! It's a joint account and whereas we used to both jointly take care of financials, it's often easier for one person to take the lead otherwise you end up with classics such as paying off a £1500 credit card bill...twice in the same day.
If you don't need to discuss outgoings or unfamiliar transactions, you are in a very comfortable position or not managing your finances very well!
Makes sense about payment facilitators, let's hope they sort themselves out to make it a bit easier!
On a similar note if I ever send money to my sister or mates I always reference it love honey returns or pornhub refund.
As well as mortgage applications, banks have been known to close accounts for jokey references to illegal activities such as drugs etc. PayPal are particularly bad at this, and the activities dont even need to be illegal - they take offence to gambling for example.
This kind of thing has actually gotten me into bother. I went to a pub one evening. I told the girlfriend of the time that I had been in said pub. But she unearthed 'evidence' that I had been in another pub! And as such I was guilty of all manner of crimes.
Turned out that Pub A, is owned by Pub B and all receipts etc show the name of Pub B.
Made not a jot of difference. I was still a bastard.
Cougar, calm down! It’s a joint account and whereas we used to both jointly take care of financials
Yeah, I said later, the idea that it might be a joint account didn't initially occur to me because I've never seen the need for such a thing so apologies. I thought she was checking up on your bank account and bollocks to that.
it’s often easier for one person to take the lead otherwise you end up with classics such as paying off a £1500 credit card bill…twice in the same day.
Exactly what we do. As the higher earner, regular bills like utilities are in my name and my partner has a standing order to transfer me a lump every month. Were roles reversed we'd have set it up the other way around.
If you don’t need to discuss outgoings or unfamiliar transactions, you are in a very comfortable position or not managing your finances very well!
I wouldn't say very comfortable, we're far from loaded but we're OK. I'm certainly not in a position to be losing much sleep over eight quid. Of course I'd be curious to make sure it wasn't fraudulent if there was a transaction I didn't recognise, but I'd probably not even notice.
as such I was guilty of all manner of crimes.
...
Made not a jot of difference. I was still a bastard.
Yeah, I've been in abusive relationships too.
PayPal are particularly bad at this, and the activities dont even need to be illegal – they take offence to gambling for example.
Most gambling sites let you use PayPal so that doesn't seem right. Unless things have changed recently.