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That's about checkout fees, not minimum charge amounts. Minimum charge amounts used to be forbidden by basically every merchant agreement, but thanks to Dodd-Fr
by twoodfin 14y ago
That's about checkout fees, not minimum charge amounts. Minimum charge amounts used to be forbidden by basically every merchant agreement, but thanks to Dodd-Frank and a lot of retailer lobbying, such contact terms are now illegal. Card issuers must allow a restriction on charge amounts (no more than $10 IIRC) if the retailer so desires.
- mikenon 14y agoYou're right. I meant to include Visa's complaint form, https://usa.visa.com/checkoutfees/contact.jsp https://usa.visa.com/checkoutfees/contact.jsp which mentions the right for US retailers to set minimums up to $10. It is worth noting minimums can not be set for debit card transactions.