05-03-2021, 12:52
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#16
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Sad Doig Fan!
Join Date: Aug 2007
Location: Barry South Wales
Age: 68
Services: With VM for BB 250Mb service.(Deal)
Posts: 11,661
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Re: Britain outside the EU
Quote:
Originally Posted by papa smurf
What has happened to the old you can only buy on a card if you spend more than a fiver brigade.
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Quote:
Visa's Core Rules for European merchants state the following:
A Merchant must not establish a minimum or maximum Transaction amount as a condition for honoring a Visa Card or Visa Electron Card.
Mastercard Rules also prohibit merchants from setting this charge:
A Merchant must not require, or indicate that it requires, a minimum or maximum Transaction amount to accept a valid and properly presented Mastercard or Maestro Card.
It’s not just card networks that clearly state that merchants should not be asking customers to spend a certain amount for card payments. Card reader companies are similarly bound to the Card Scheme rules of any card network they are designed to accept. If your card reader provider discovers that a business has been breaking these rules, they can suspend its account.
In short, there may not be a law against setting a minimum spend on card, but by placing a minimum card payment limit on transactions, merchants run the risk of being fined or suspended by their service providers.
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https://gocardless.com/guides/posts/...ayment-limits/
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