Chip/no chip issue for Canon Pixma MP530

The printer NEEDS ink cartridge WITH the chip
BUT, you can move the chip from the old to the new cartridge, you just lose the ability to monitor ink level....you have to visually check it from time to time
been doing it for months now... works fine, just keep a close eye on the ink when it starts to get low, can hose the printhead for that color if empty
printheads run around $55 or so - so actually, savings in ink will easily pay for a new printhead every now and then, if you screw up  :)