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Regular Contributor
Posts: 217
Registered: ‎11-01-2007
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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?

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Valued Contributor
Posts: 1,927
Registered: ‎06-21-2012
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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.

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Established Contributor
Posts: 1,048
Registered: ‎02-27-2012
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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

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Regular Contributor
Posts: 150
Registered: ‎11-05-2011
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Re: Is a Business Required to Accept CC Payment?

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

Valued Contributor
Posts: 1,927
Registered: ‎06-21-2012
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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

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Current Scores: EQ:694 EX:714 TU:711
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Frequent Contributor
Posts: 275
Registered: ‎09-30-2012
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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.


Valued Contributor
Posts: 1,292
Registered: ‎08-19-2012
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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

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Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
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Re: Is a Business Required to Accept CC Payment?

[ Edited ]

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.

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Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
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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

Established Contributor
Posts: 750
Registered: ‎06-06-2012
0

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.

 

 

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