Went to a local pizza place today and used my credit card. Was told it would be an extra dollar for using my card and he pointed to the $5 minimum + $1 transaction fee sign.
I thought it was $10 minimums that were allowed?Also, is the transaction fee allowed?
$5 minimum and $1 transaction fee
Started by
kw79
, Jun 14 2012 06:43 PM
4 replies to this topic
#1
Posted 14 June 2012 - 06:43 PM
#2
Posted 29 June 2012 - 07:27 PM
No one answered, so I will:
You are correct on both counts. These are rules imposed by Visa/Mastercard, not laws except in some states. This has been discussed here before. The law changed a while back that forced Visa/Mastercard to allow for these minimums at the $10 level:
http://creditboards....howtopic=441438
You are correct on both counts. These are rules imposed by Visa/Mastercard, not laws except in some states. This has been discussed here before. The law changed a while back that forced Visa/Mastercard to allow for these minimums at the $10 level:
http://creditboards....howtopic=441438
Edited by frank22, 29 June 2012 - 07:32 PM.
#3
Posted 30 June 2012 - 02:43 PM
I was wrong on the minimum, the $5 is allowed. The minimum can be UP TO $10 and that makes sense.
http://www.creditcar...es-law-1282.php can be UP TO $10.
http://www.creditcar...es-law-1282.php can be UP TO $10.
#4
Posted 16 July 2012 - 11:01 AM
just because it is allowed does not mean the consumer should stand for it.
vote with your feet & wallet.
vote with your feet & wallet.
#5
Posted 19 July 2012 - 01:36 PM
Went to a local pizza place today and used my credit card. Was told it would be an extra dollar for using my card and he pointed to the $5 minimum + $1 transaction fee sign.
I thought it was $10 minimums that were allowed?Also, is the transaction fee allowed?
I hope you didn't buy. I would tell them, "No thanks" and take my business elsewhere.
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