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An Enlightened Approach to Credit Card Processing

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Ask the Merchant Guru: Are Minimum Purchase Amounts for Credit Cards Legal?

Q) I’ve heard it said that it’s illegal for businesses to have a credit card minimum, yet many local shops in my area (mostly mom-and-pop stores), have $10 or $20 minimums. Is that within their right?

A) As of 2010, a merchant is legally allowed to charge a minimum of no more than $10. However, the merchant must apply this rule to all the cards they accept if they do decide to have a minimum fee.

The details can be found on this legal document, page 698: http://www.gpo.gov/fdsys/pkg/BILLS-111hr4173enr/pdf/BILLS-111hr4173enr.pdf

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Ask the Merchant Guru

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Credit Card Processing Services

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Your Merchant Guru is continually "cracking the code" of the rapidly evolving credit card processing industry so you don't have to.

By enlightening you about the latest technological solutions and finding the right fit for you, we can help you get paid faster and more easily while saving money.

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Our expert business planner can analyze where you are now and create a custom plan to help guide you to where you need to be.

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