|
|
| *Loan,banking and credit>>>business credit |
Isn't it illegal for businesses to require a minimum charge on credit card purchases? Where can I find proof? |
Isn't it illegal for businesses to require a minimum charge on credit card purchases? Where can I find proof? it is not illegal, they must pay for each of your purchases to the bank it costs them money to accept your card if it means they need a minimum to cover it then they have to make enough to pay for you using the card. it's ok but you must clearly post this policy for customers to see, if not you could get sued In Michigan lots of places have a minimum. They don't have to buy a credit card machine or even accept it. The credit card company charges the business a certain percent (about 4%) to use credit. read the fine print of the merchant agreement between merchant and credit card company. they usually state that it is against the rules (not law) to enforce any minimum purchase requirements. |
| Tags |
| debt loan cash loans bad credit mortgage best credit card business credit chase credit citibank credit card credit application credit bureau credit check |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |