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.
What else can I help you with?
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.
Why do gas stations charge more for credit card transactions?
Gas stations charge more for credit card transactions because they have to pay fees to the credit card companies for processing the transactions. This extra cost is passed on to customers who choose to pay with a credit card.
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 is the charge on my credit card?
The charge on your credit card is the amount of money that has been deducted from your available credit limit for a purchase or transaction.
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
How can I stop a charge on my credit card?
To stop a charge on your credit card, you should contact your credit card company immediately and report the unauthorized charge. They will guide you through the process of disputing the charge and potentially issuing a refund.
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.
What is the difference between a credit card hold and a charge?
A credit card hold is a temporary authorization of funds on a credit card, while a charge is the actual transaction where the funds are deducted from the card.
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.
