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Can a merchant require a minimum credit card purchase for a consumer?
Yes, a merchant can require a minimum credit card purchase amount. This practice is often implemented to cover transaction fees associated with credit card processing, which can be disproportionately high for smaller purchases. However, such policies must comply with the merchant's agreements with credit card companies and local laws, which may vary by location. It's important for merchants to clearly communicate any minimum purchase requirements to customers.
Can merchants place a minimum amount on credit card purchases?
A merchant can & will require a minimum purchase amount in some cases. The credit card company charges the merchant for each transaction. If a purchase does not exceed the amount they are being charged from the cc company, they can decline to process your card. Most merchants have a sign explaining their policy.
Can a merchant require a minimum dollar amount for credit card charges?
interesting question. I think they probably do have the legal right to do it because they are charged a fee for every credit or debit card transaction. Usually it is 3% of the purchase price but I believe there is also aminimum they must pay.
Can I obtain a merchant account with bad credit?
Merchant accounts typicaly require a credit check. Google Checkout is available without a merchant account.
Is it legal to for a retailer to have a minimum credit card purchase in Connecticut?
Yes, and it is not an uncommon practice in all states. There is no law that requires a retailer to accept credit cards either. VISA and Mastercard, however, don't allow merchants to require minimum purchase amounts. It's in their agreement contracts.
What type of car insurance does the bank require you to have?
If it is a purchase, they will require you to have comprehensive and collision coverage. Usually with no more than $500 or $1000 deductibles depending on the bank. If it is a leased vehcile they may also require you to have 100/300 minimum liability limits.
How much data storage does Google Docs allow?
Each account is offered a minimum amount of storage (1,024Mb). If you require more storage, you can purchase it from the site.
Do inhalers require a prescription for purchase?
Yes, inhalers typically require a prescription for purchase.
What are the requirements to join the merchant marines?
The requirements to join the Merchant Marines in the United States vary based on the type of job a person wants to do. At the very minimum, a person must complete a maritime training course and be of legal age.
What is the legal age in Alabama to buy an automobile?
No legal age requirement exists to purchase a vehicle with cash, however titling or financing a vehicle will require a minimum age of 18.
Do business bank accounts require a minimum amount of money to be kept in an account monthly?
Most banks do not require a minimum balance to be kept in a business account. If you are looking at obtaining one, you will want to check with your local bank if they require a minimum balance.
What are age restrictions for using sites that require registration?
Minimum Age for RegistrationThe minimum age for using sites that require registration is usually 13.
