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)

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