Merchant Account Services Industry Secrets For Your Merchant Account
“Minimum Credit Card Purchase is $10.”
If you have seen a register like this at a bricks and mortar store for credit card processing, you are not alone. No matter what the banner says, if a merchant accepts credit or debit transaction and has merchant account services, you are allowed to use any card they accept for a purchase of any amount.
Merchants cannot, in any case, impose minimum or maximum purchase amounts for card funds. Those who try to pull this off think they are being smart by avoiding merchant fees on small amoutn purchases that may already have a scant profit margin.
What they do not realize (or they do and think the customer will be naive) is that they are in violation of card association operating guidelines. They can also anger people who must purchase more in order to pay by card. This can make customers quite mad and not have repeat business.
