Xxain said:
pokoko said:
Xxain said:
badgenome said:
Never. It costs money for a company to process credit card transactions, so they usually have a minimum transaction for credit card purchases. It used to be against the rules of Visa and Mastercard to do so, even though a lot of merchants did it anyway, but under Dodd-Frank retailers can now require a $10 minimum.
So be thankful it's just $5, ya whiner!
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I forgot about this thread.
Why not just add the process as a kinda tax charge then to cover it? could they do that?
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I don't know about now, the laws have changed since I worked retail, but it used to be against the law to charge the customer extra for using a credit/debit card. They had to be charged the same--which meant, of course, that the increase in overhead had to be distributed so that people who used cash were really paying more than they otherwise would. Businesses have always been looking for methods to get around this, though some were deemed unlawful. "Discounts" for using cash, for example, which is really just marking up prices then giving back the cash user the difference as a discount. The main one many stores have pushed is convincing the customer to use their own branded store cards.
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Well I walk into my small chain taco and sandwhich shop and they have 50 cent charge fee. Your saying thats illegal?
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As I said, I don't know if it still is or not, and it might even depend on state, but where I live it used to be. Not that many small shops didn't do what they needed to do anyway. Tons of local stores used to have minimum purchase restrictions, for example, even when they weren't supposed to. They just had to take the risk, otherwise they would eat loss after loss. Credit card transaction fees are the bane of small businesses, especially those that depend on a large volume of small transactions.
