Credit Card Minimums
I’m kind of in the middle on this subject. Credit card surcharges are a pain in the neck, especially for small businesses. However, it’s in those small businesses’ best interest to accept credit cards overall, because they’d be losing those customers otherwise. Many stores and restaurants try to impose minimums to use credit cards in their establishment, and one Hoboken411 reader explains that they’re not supposed to do that.
“I want to share with all of my fellow Hobokenites that this practice is NOT allowed…. anywhere. Many businesses try and impose a “minimum $10 purchase” to use plastic, or they want to add in a $1 fee for using it for a certain level purchase. This happens all over the country and it is not allowed by any of the major credit card companies. The practice is restricted in the retailers’ rules & regulations that they have with the credit card company. If this happens to you, explain to the merchant that the credit card company does not allow imposing minimum purchases and if you are not able to use the card, you will report them to your bank and Visa/MasterCard/American Express, etc. If this is the case after explaining that, do call or email your bank and they will take care of filing a report on behalf of the credit card. Also go directly to the credit card and file a complaint.
MANY local businesses (mostly places like Chinese take out and the Organic Grocery on Washington) do such a practice and I have called them on it many times.”
He suggested some links to check out:
If you owned a business with thin profit margins and high rent, what would you do?