
I was having coffee this morning with a wonderful person who works at Visa who I worked with on a project when I was at CyberSource. We were talking about some of the "funny" ( you have to be a payment geek ) things about the payment biz. It always made me chuckle when I ate at a Chinese restaurant that was just down the hill from Visa's offices in San Mateo, where a lot of Visa people ate, and they had a sign like the one in this post about the minimum purchase when paying with a card. Of course, Visa's rules clearly state that merchants are not allowed to have a minimum. I doubt if anyone ever called the merchant on it. Over the years as I have conversed with industry outsiders they viewed these rules as absolutes. I would refer to this story to set them straight.
Great post. It would be interesting to know just how many merchants do this. Or charge an additional fee.
ReplyDeleteRandy San Nicolas
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