Seriously, businesses, go fuck yourself with your $10 minimum debit card purchases. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 allows merchant's to require a $10 purchase limit for credit cards, not debit cards.
How many times have you purchased a magazine at the checkout aisle because you didn't meet the $10 limit? Or worse, spent upwards of $7 in ATM fees just to take out a twenty dollar bill?
The debit card minimum is a sleazy - and illegal - way to grab a few extra dollars from the growing number of consumers who don't carry cash, all on the baseless claim that merchants are charged a "swipe fee" on all card purchases. The swipe fee, which never exceeds 4% (that's a paltry 4 pennies on a Diet Coke), only applies to credit cards.
Showing posts with label credit card purchases. Show all posts
Showing posts with label credit card purchases. Show all posts
Monday, September 15, 2014
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