Intuit pay and section 75

dannyrado

Hi,

I'm looking to buy a large oak framed building, and the supplier does not take credit cards...

Obviously i'm looking for some protection.

If I were to suggest to the retailer that he signs up to 'intuit pay' for example, and me pay £100 on my credit card to him via the system, do you think i'll be covered?

Intuit themselves appear not to know the answer, which is fabulous....

vuvuzela

I suspect the supplier would graciously decline your offer of him signing up to another payment system.
As for cover for S75, would intuit be classed as an intermediary, similar to some card issuers class paypal and therefore refuse S75 claims ? (I don't know how they work so this might not be accurate). Intuit 'not knowing' might be their way of saying no while not saying no, IYKWIM.

InsideInsurance

It depends on how it works.

For you to have S75 protection you must pay the merchant directly with the card. If you pay via a 3rd party you have no protection as you have technically paid the 3rd party and not the vendor. So PayPal is the classic because you actually pay PayPal so have S75 protection on if PayPal pass the money to the vendor or not but no protection for the services/ products from the merchant

dannyrado

I suspected as much, I phoned intuit. As far as I could get intuit to say was that they 'processed' the payment for the vendor. Not sure what that is classed as.

I did think about signing up myself and getting a freind to pay me, see what appeared on their statement....

Anywho, cut the question in a different manner:
If I (the buyer) were looking to achieve some form of protection, and not scare the vendor away with technology or fee's, what would you suggest?

shaun_from_Africa

What is the reason for buying the building in question?

If it is business related (such as using it for a workshop or for working from), then the transaction will be a business to business deal so even if you paid the seller directly with a credit card, you still wouldn't have any S75 protection as this only applies to business to consumer contracts.

vuvuzela

dannyrado wrote: »

I suspected as much, I phoned intuit. As far as I could get intuit to say was that they 'processed' the payment for the vendor. Not sure what that is classed as.

I did think about signing up myself and getting a freind to pay me, see what appeared on their statement....

Anywho, cut the question in a different manner:
If I (the buyer) were looking to achieve some form of protection, and not scare the vendor away with technology or fee's, what would you suggest?

I'd suggest buying elsewhere that offers protection.
What sort of building is it and are you buying it as a consumer or a business ?

InsideInsurance

How much is the building?

Remember you only have protection for purchases between £100 and £30,000 irrespective how much you pay on the card. If its more than this you have no protection even if you find a merchant that takes it.

Is the vendor building it for you too or just providing the kit?

SuperHan

The supplier is also unlikely to want to incur the costs involved with processing credit card transactions... And the risk of payments being recalled under chargebacks etc, so won't want to take your CC payment through any means.

Find another supplier.

meer53

I would be wary of dealing with a supplier of high value goods who doesn't take credit cards.

wealdroam

Remember, Section 75 does not only apply to credit cards.

If you were to take out a loan specifically for this purchase from, say, you bank or another consumer credit provider, then S75 would probably offer the protection you are looking for.
This assumes it is a consumer purchase within the price range mentioned above.

See MSE's Section 75 article for more detail.