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Old 10-03-2012, 11:23 AM   #27
Xcelratr
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Join Date: Apr 2007
Location: So Cal - 310
Posts: 958
My Ride: 04 330Ci ZHP
So you're a guy that loves to brag about working for Visa but that had to come to a car forum to get a merchant services question answered. Nice.



Quote:
Originally Posted by BoogetyBoogety View Post
On topic: Yes, per Visa and other card issuers and processors, a merchant can set a minimum charge amount on credit, but not debit, cards, with a $10 maximum limit.

You can refuse to shop there.

Another little gem: They are NOT allowed to "see your ID," as their only requirement from the processor is to check to see if the signature on the charge slip matches the signed card. They can refuse to accept the transaction if the card is not signed, or has one of those cutesy "check ID" message written on the signature line. But if they ask you "may I see your ID," just say "no." If they refuse to accept a valid, signed card for a merchandise or service charge on a terminal-swiped card, they are violating their processing agreement, banking laws, and probably even federal privacy laws. No one outside of Homeland Security or a commissioned law-enforcement officer gets to see your ID... especially not a $8-an-hour clerk at some retail store...
Please name the banking laws that violates.


This whole current merchant services situation is ridiculous. The lack of competition amongst the providers, the general homogeny of the banks, the widely varied business needs of the merchants, the card users need for continuity and govt meddling has just made a mess of the whole thing.
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