Charges for using credit cards?

[Monkeydad]

Originally Posted by firstdown

I saw your post right after I posted mine. She required a $10 purchase if using a credit card but that's not legal or maybe it was against the contract with the merchant. Can't remember.

I would think it would be the latter. It's not illegal that I am aware of, many businesses have a minimum credit card transaction amount. However, the credit card merchant companies are ruthless, they DO write things in their contracts to really rip their clients off and make it difficult to get out of their contracts with huge fees to get out early. I've seen merchant companies require businesses with separate locations all under the same Fed Tax ID and using the same bank account to register each location as a separate merchant ID, allowing them to charge extra fees as opposed to if it were properly set up as a single merchant # for the business as a whole. Separate locations do not merit separate accounts if the money is all going to the same place.

They're con artists. If you're not careful, they'll suck your business dry. Thankfully,you CAN negotiate the terms.