Established Contributor
lithium78
Posts: 929
Registered: ‎07-30-2011
Re: Merchants may be allowed to charge extra for credit cards

pipeguy wrote:

True Story: I had a "customer" come in the other day and attempt to charge a sale for $0.65, yes 65 cents. I told the customer that I'd just as soon give him the item for free because his sale was not worth me processing for 65 cents - he said I never carry cash. He ended up adding something to the sale to make it $2.65 which I accepted, but frankly, a $1.00 processing fee on sales below say $5.00 is not a bad thing IMO.

 

http://bottomline.nbcnews.com/_news/2012/10/03/14184871-credit-card-swipe-fee-settlement-far-from-a-...

 

From the article:

 

The antitrust lawsuit, filed back in 2005, alleges MasterCard and Visa conspired with some of the largest banks in the country to set the swipe fee a merchant must pay every time a customer uses their credit card. 

 


Why not set a $10.00 minimum for plastic?  That's permissible under merchant agreements with all major credit cards now.


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