It’s Good to Know: Minimum Credit Card Transactions

You’ve no doubt seen these signs at your local market, convenience store, and other businesses: "No credit card transactions under $10." Merchants post them to avoid paying the credit processing fees that eat into their profit margins on low-dollar-amount sales. But, guess what? The merchant agreements they have with Visa, MasterCard, and Discover do not allow this practice. Mention it next time you’re denied at the register.

(Source: The Consumerist)

Similar Articles:

No comments yet… Be the first.

Leave a reply: