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joeconyers: jamesnord: adriennes: In response to a frustrated post from JamesNord this morning, I again looked up the rules about minimums for using credit cards. Many vendors say that they have a $5 or $10 minimum, but it is actually against their Merchant Agreements with the credit card companies to do so. This is a handy wallet sized excerpt of the agreement for Visa/MasterCard…I’ll have to see what the agreement from American Express looks like. (via consumerist) AWESOME! I’ll see if those exist in France!

joeconyers: jamesnord: adriennes:

In response to a frustrated post from JamesNord this morning, I again looked up the rules about minimums for using credit cards. Many vendors say that they have a $5 or $10 minimum, but it is actually against their Merchant Agreements with the credit card companies to do so.

This is a handy wallet sized excerpt of the agreement for Visa/MasterCard…I’ll have to see what the agreement from American Express looks like.

(via consumerist)

AWESOME! I’ll see if those exist in France!

Notes about this post from the Tumblr community:

  1. gladandyoung reblogged this from ebenjamint and added:
    The problem is that some businesses are small enough that the fees that a card company charges for transactions under a...
  2. ebenjamint reblogged this from kylewritescode
  3. skliang reblogged this from adriennes
  4. pegobry reblogged this from joeconyers and added:
    jamesnord: adriennes:...AWESOME! I’ll see if those exist in France!
  5. rashystreakers reblogged this from dalasverdugo and added:
    These companies signed an agreement with the credit card vendor. So they have to honor that. A good medium if for the...
  6. dalasverdugo reblogged this from tedroden and added:
    Seriously. This is so misdirected. Do you want the business to still be there or not? Then help them out by...
  7. randomike reblogged this from sarahcooley
  8. amandamaye reblogged this from jamesnord
  9. delylestyle reblogged this from mdfsmash and added:
    BOB IM LOOKIN AT YOU
  10. spencerotica reblogged this from plantingplanets and added:
    The tricky bit is that a bar cannot impose a minimum for a specific credit card company, but there is nothing stopping...
  11. tedroden reblogged this from joeconyers and added:
    The merchants are not the problem. It costs some of these mom and pop shops upwards of $2 per transaction. Starbucks can...
  12. awayy reblogged this from jamesnord and added:
    I deal with this issue DAILY at Innkeeper’s. The rule is we ask for a five dollar minimum, but we will still take the...
  13. plantingplanets reblogged this from jamesnord and added:
    Yet another reason to hate bars.
  14. gleuch reblogged this from mdfsmash
  15. mdfsmash reblogged this from sarahcooley
  16. sarahcooley reblogged this from kylewritescode
  17. kylewritescode reblogged this from joeconyers
  18. joeconyers reblogged this from jamesnord
  19. jamesnord reblogged this from adriennes