get away with it? (I.E. Minimum $10 purchase with credit card)
2006-10-12 13:27:32 · 6 answers · asked by IAskUAnswer 6 in Business & Finance ➔ Credit
All merchants do it, because you (the customer) never contact VISA or MasterCard to report them for violating merchant agreements that they signed.
Please refer to PAGE 10 of Merchant agreement. Feel free to present a printout of this to the local storeowners in violation.
Feel free to Call 1-800-227-6811 to report them.
Good luck.
2006-10-12 17:12:43 · answer #1 · answered by DaMan 5 · 1⤊ 0⤋
specific the credits card businesses oftentimes ask for a minimum purchase of 5 money (and shops or gas stations themselves ask for larger sometimes). This in simple terms got here up in Boston because of fact the city all started procuring expensive credits-card based parking meters. Then they found out, after the acquisition, that there become a 2 dollar minimum and human beings who parked and in simple terms wanted to get 25 cents worth of time raised heck approximately it. the city finally threatened to take them out if the minimum become enforced and it labored for them. maximum credits card clientele are no longer that fortunate.
2016-10-19 07:19:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
IAsk,
It's not illegal. Businesses get charged a fee every time a credit card is used. The only way to recoup that fee is to have a minimum purchase. Either that or they charge you a dollar amount for using the credit card, which is higher than the fee.
2006-10-12 13:30:54 · answer #3 · answered by Anonymous · 0⤊ 2⤋
It is not illegal; it is, however, against the association (Visa, MasterCard) rules. If you report the store to Visa or MasterCard, they could lose the privilege of accepting that association's credit cards.
2006-10-12 14:15:31 · answer #4 · answered by Gremlin 2 · 0⤊ 0⤋
It's not illegal, but MasterCard and Visa PROHIBIT it. Merchants have an agreement with their card processing bank which specifies that this practice is prohibited. Merchants simply blow it off. You can try to fight with the merchant, but they will just tell you to shop elsewhere. By the way, it's everywhere - not just NY.
-MM
2006-10-12 14:31:46 · answer #5 · answered by Anonymous · 2⤊ 0⤋
They know it's too much of a hassel to report them, & if they get caught they get a warning and maybe loose their account with that bank. There's a line of banks waiting for their business so what the heck.
2006-10-12 13:43:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋