4 ms·
Heh, where I live in Brooklyn there are no places that take card for less than $20 (sometimes $10). It definitely required some adjusting.
by sotojuan 10y ago
Heh, where I live in Brooklyn there are no places that take card for less than $20 (sometimes $10). It definitely required some adjusting.
- jk563 10y agoAnd yet I'm living in a village outside Leicester in the UK and I've paid <£0.50 on a card/using Android Pay on multiple occasions.
- ghaff 10y agoHistorically a lot of restaurants and retail establishments in the US had minimum charges for credit cards. My anecdata is that this is far less common today (Brooklyn notwithstanding). There's also just been this psychological shift that makes it generally OK in most places to put that $3 salad on a credit card. I'd never have done that 10 years ago. Now I routinely charge my lunch or a cup of coffee. I don't know how much of this is changes to credit card fee structures and how much is that it's just become a cost of doing business many merchants now feel they have to put up with.
- jk563 10y agoWe had that in the UK for a while too. It seemed that the big corps ended up absorbing the fee and then most others had to too. There's still the occasional merchant that has a minimum but I see less and less as time goes on. In theory, our interchange fees were reduced, but from what I saw it just resulted in most decent cashback schemes disappearing. This seems to have resulted in issuers making the same margin as they no longer pay out a part of it to the customer.
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- mmagin 10y agoAlmost certainly a violation of their agreement with their card processor. If you want to be a jerk, you can pressure them into taking your card.
- driverdan 10y agoMinimum spends are allowed so long as it's posted.