Is it legal for stores to deny certain amount of money and to minimize use of credit card amounts?

Question

Some stores will not accept bills higher than $50, is that legal?

Also, some stores only allow use of credit cards if the amount is over $10.00, is that legal?

Can anyone help. Thanks.

Answer 1

Yes, it's their business and there are no laws that prohibit either of those two actions.

Answer 2

Store owners have every legal right to set their own limits on the size of the bills they'll accept in payment, or minimum amounts on credit purchases. They can sell the merchandise they carry at any price they want to set, as well as refuse service to any would-be customer. They own the store, they own the goods they sell, they have the right to make the policy decisions.
In the case of chainstores or supermarkets, policies are usually set by the owners of the chain, or the particular franchise.

Answer 3

I don't know about the currency issue, but I know for a fact that credit card companies do not allow vendors who accept their credit card to set a minimum purchase for use of credit cards.

So while it is not illegal, if you want to use a credit card and they say the purchase is not large enough, ask to see a manager and complain.

Tell the manager you are going to call your credit card issuer and tell them that he/she denied you the use of it.

You will get his attention.

All this only applies if you like confrontation.

Answer 4

It's legal.