Thread Options
#800062 - 08/22/07 02:19 PM minimum required
Midwest Banker Offline
Gold Star
Joined: Nov 2004
Posts: 349
Cheeseland
I am hoping someone can provide some direction on this issue. From what I can recall, I thought merchants who agreed to accept Mastercard/Visa could not dictate a minimum purchase requirement?

If I am correct, can someone please point me in the right direction?

Return to Top
eBanking / Technology
#800101 - 08/22/07 02:50 PM Re: minimum required Midwest Banker
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
This is a "can" vs. "may" question.

The merchant agreements do not allow minimums, but it is a contract issue only. Even if a consumer could convince the merchant bank to "slap the wrist" of the merchant, I doubt that the merchant bank, MasterCard or Visa would actually sanction a merchant.

The consumer should complain to the merchant and take their business elsewhere.


Al
_________________________
Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

Return to Top
#801852 - 08/24/07 04:13 AM Re: minimum required Al Miller
fmissle Offline
Platinum Poster
Joined: Jul 2007
Posts: 989
Pac NW
I can't really provide a cite, but one of my good friends is our merchant services rep. He had a customer who had their contract voided based on several (many several actually) customer complaints and his statements that he would continue to charge a fee if not at a minimum purchase price.

Both Visa and MC have toll free numbers for complaints such as this.

Return to Top

Moderator:  Andy_Z