0
Requiring a minimum purchase in order to use any card, whether it is a debit, credit, or rewards card is strictly forbidden by the agreement that merchants agree to when they sign up to accept Visa and MasterCard payments.
An example of this would be Visa's Operating regulations, see link to Visa's site below:
However, there are ways to suggest which form of payment for them to use or to at least ensure you are covering your cost. One way is to assume that you will be paying 2-3% on each transaction and adjust your prices accordingly and then provide customers with a cash discount when they pay with a non-card payment method.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoNo they can't and they shouldn't. That's basically the interchange that they charge, they are supposed to pay a certain amount to the bank whose machine they are using and they try to make you pay for it. NEVER agree to pay it because they are the ones liable for it.
Add your answer:
Earn +20 pts
What other stores take macy's credit cards?
The Macy's department store offers a charge card and a credit card. Their charge card can only be used at Macy's, and a credit card can be used anywhere.
Can a business charge extra for work paid by credit card?
Technically it's unethical to charge more to customers who don't pay in cash, but it cost money for a business to accept credit cards and some small companies charge a credit card fee to compensate losses.
I-tunes charge to credit card?
You can have itunes charge to your credit card or buy a prepaid card either a itunes card or a prepaid credit card ...
Should I get a credit card to borrow money?
No, it is never a good idea to apply for credit card to borrow money because you are just adding on to your debt. If you are unable to pay back the money that you used on your credit card, it will be deemed as overdue, and you will have to pay extra interest, or an extra fee or charge.
Is the physical card required for a thief to charge to my credit card account?
No the physical card is not required to charge to your credit card account. All they need is the credit card number and back code. So yes they can charge things to your card.
What are the costs and pitfalls of using a charge card a debit card and a credit card?
credit card: no worries if card is lost all you have to do is annul it. Debit card: you have to be in charge charge card: don't really exist
What is an American express card a charge card or credit card?
Credit Cards are a type of charge card. American Express is a charge card brand that offers both credit and debit cards. It depends on the account type of the person using it.
How can I stop the charge when I can't recognize that charge in my credit card account?
Contact your bank or credit card company.
Can a company charge your credit card without your permission?
No, a company can not charge a credit card without permission. This violation should be reported immediately to your credit card company.
Can you use your credit card for foreign currencies and is there any extra charge to this?
You can use your credit card to charge items that are priced in different currencies. Most consumers who travel overseas do this. The exchange rate is factored, according to the contractual terms on your account, and your billing statement then shows the charge in U.S. Dollars. Whether or not there is an additional charge would depend upon the fine print in your contract. Contact your credit card company for the specifics.
Does the first credit card charge a fee for late payments?
All credit card companies charge a fee for late payments ! It serves two purposes... first - it's a subtle reminder to the card-holder, to prompt you to make the payment in plenty of time for it to be processed. Second - it generates extra income for the card company !
Is a charge on a department store card treated the same as a major credit card purchase?
No. Dept stores carry less weight than standard CCs
