I'm fairly certain you cannot put a minimum on a credit card transaction. Of course who knows what VISA actually does if you do do it.
Cash only -- list of businesses not accepting Interac and credit cards
#101
Posted 24 May 2017 - 07:29 AM
#102
Posted 24 May 2017 - 07:39 AM
So one way or the other, the bank gets its fees. Unless the cash never makes it to the bank, of course.
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#103
Posted 24 May 2017 - 03:49 PM
I'm fairly certain you cannot put a minimum on a credit card transaction. Of course who knows what VISA actually does if you do do it.
I think that's probably the case. You also can't charge the customer a premium for using a CC. However, one workaround is to put "Cash discounted price" on your menu board, and charge the additional fee when processing CCs
Mark Brennae on CFAX offered an apology for his reporting of this yesterday. I don't think it's necessary. Is he a talk-show host or a journalist? There's a difference. If he's paid to have an opinion and host a discussion, then I think he was in the clear.
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#104
Posted 24 May 2017 - 04:16 PM
#105
Posted 24 May 2017 - 04:18 PM
Was he told by the boss to apologize maybe?
I think he said he was told to address it, not necessarily apologize.
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#106
Posted 23 January 2020 - 10:32 AM
Cashless Restaurants in NYC Will Officially Be Banned This Year
New York City Council is set to pass a bill requiring all restaurants and food stores to accept cash payments from its customers
Edited by Rob Randall, 23 January 2020 - 10:32 AM.
#107
Posted 30 May 2022 - 02:53 PM
The settlement also gives merchants the power to pass credit card fees on to customers, starting this fall.
While very few merchants are expected to add surcharges for accepting credit cards, Pohlmann said giving businesses the ability to recoup those fees will help them push back against future fee hikes.
Meanwhile, the federal government has repeatedly pledged to lower credit card processing fees for small businesses.
https://www.cbc.ca/amp/1.6470952
Edited by Victoria Watcher, 30 May 2022 - 02:53 PM.
#108
Posted 30 May 2022 - 02:58 PM
...the federal government has repeatedly pledged to lower credit card processing fees for small businesses....
Right after they get telecoms to lower their fees.
#109
Posted 30 May 2022 - 03:35 PM
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#110
Posted 30 May 2022 - 03:38 PM
Edited by Victoria Watcher, 30 May 2022 - 03:39 PM.
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