why do we sign receipts?

June 16, 20191 min read

Why do we still sign receipts? Does anyone ever check those signatures?

The reason credit card companies still insist on requiring signatures as a default is to up-sell establishments for the privilege of not using signatures.

Some restaurants, like Chipotle, are willing to pay more per transaction to skip the signatures, so that their lines move faster.

H/t @ctbeiser, who used to work at a payments company