4 ms·
> which they aren't supposed to be doing What is restricting them now? I knew it used to be part of the merchant-network agreement, and based on my quick searc
by pedantsamaritan 6y ago
> which they aren't supposed to be doing
What is restricting them now? I knew it used to be part of the merchant-network agreement, and based on my quick searching that was due to US federal law. Then Dodd-Frank changed it to allow minimums up to $10 [0][1][2]
[0]: https://www.creditcards.com/credit-card-news/merchant-minimum_purchase-credit-debit-1585/ https://www.creditcards.com/credit-card-news/merchant-minimu...
[1]: https://www.creditcards.com/credit-card-news/merchants-who-violate-credit-card-terms-1275/ https://www.creditcards.com/credit-card-news/merchants-who-v...
[2]: https://usa.visa.com/dam/VCOM/download/merchants/minimum-transactions-credit-card.pdf https://usa.visa.com/dam/VCOM/download/merchants/minimum-tra...