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Why do some merchants, particularly smaller businesses, set a minimum purchase of $10 for any credit card transaction, or simply refuse to take any sort of bank card from consumers?
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May 20, 2018
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Why do some merchants, particularly smaller businesses, set a minimum purchase of $10 for any credit card transaction, or simply refuse to take any sort of bank card from consumers?
Mathematics
middle-school
Jordi Coscolla
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Jordi Coscolla
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Answer:
Just look at the one above me
Explanation:
George Skoptsov
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May 20, 2018
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George Skoptsov
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Because accepting credit cards cost the business small transaction fees. These businesses already have a paper thin profit margin, meaning if you buy less than $10 and use credit card, their profit is little to non-existent.
Skymon
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May 23, 2018
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Skymon
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