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Is a Business Required to Accept CC Payment?

Regular Contributor

Is a Business Required to Accept CC Payment?

HI all!

 

If this is not the correct forum section for this question, please move it to the correct section.

 

If a business displays/advertises that they accept Visa/MC/AMEX/Discover, can they refuse to take said cards as payment and demand cash only at the time of the sale?

EQUIFAX - 640 1/05/12 - Goal of 720 by Mid May!
Transunion - 637 - 01/15/10
Message 1 of 17
16 REPLIES
Valued Contributor

Re: Is a Business Required to Accept CC Payment?

Is there a problem with their registers? Phone lines/System? Credit card machines?

 

I've had businesses say they couldn't accept cards at that time for whatever reason and could only take cash. If I didn't have the cash on me then I'd just go somewhere else. Not that big of a deal.

Learning from my past and rebuilding..

BK discharged 1/10/17
scores: EQ 659 | TU 630 | EX 659

QS 3.8K | WF 500 | Cabela's 3k | ACU 500 |

Message 2 of 17
Valued Contributor

Re: Is a Business Required to Accept CC Payment?

If its temporary as the system is down, probably.

 

If they have a minimum for credit cards, then no, they are not alowd to do that

AMEX: $25,000, CSP: $10,000, Chase Priority Club: $1,500, Freedom: $6000, Discover: $21,000

EQ FICO - 753
TU FICO - 755
EX FICO(AMEX) - 766
Message 3 of 17
Regular Contributor

Re: Is a Business Required to Accept CC Payment?

Businesses can now put minimum purchase limits for cc because of Dodd Frank

Message 4 of 17
Valued Contributor

Re: Is a Business Required to Accept CC Payment?

I did forget about the minimum most have now....but it seems i'm always over that anyway. Smiley Surprised

Learning from my past and rebuilding..

BK discharged 1/10/17
scores: EQ 659 | TU 630 | EX 659

QS 3.8K | WF 500 | Cabela's 3k | ACU 500 |

Message 5 of 17
Frequent Contributor

Re: Is a Business Required to Accept CC Payment?

I'm seeing more and more businesses not accepting credit cards. We frequent a local restaurant that only accepts cash and personal checks.

Message 6 of 17
Valued Contributor

Re: Is a Business Required to Accept CC Payment?

yse they can put minimums, and heres how it breakdown by network: 

 

Visa: Max of 10.00$ minimum on Credit Cards, no minimum on Debit Cards

Mastercard: no Minimums

American Express: Merchant can enact minimums as long as its the same for all networks

Discover: no regulation

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Message 7 of 17
Valued Contributor

Re: Is a Business Required to Accept CC Payment?


lanc wrote:

Businesses can now put minimum purchase limits for cc because of Dodd Frank


That's only $10 max for credit card, no minimum for debit card.

 

OP to your question, yes a business can refuse to accept your card even when they advertise such. As long as their reason to do so is not in violation of minimum purchase limit.

Message 8 of 17
Senior Contributor

Re: Is a Business Required to Accept CC Payment?

What I find confusing is when a businesss posts on theier website that they require ID when using a credit card when they are not really suppose to ask for ID

Message 9 of 17
Established Contributor

Re: Is a Business Required to Accept CC Payment?

Just to add to the info above about min purchases etc., they can't pick and choose, such as they cannot decide to refuse Visa sig due to a higher swipe fee.

 

 

Message 10 of 17