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Home > Shopping & Style > Why Do Small Businesses Have A Minimum Purchase Charge Before They Allow You To Use Your Bank Card?

Why Do Small Businesses Have A Minimum Purchase Charge Before They Allow You To Use Your Bank Card?

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Lynn_M | 14:55 Wed 06th Jul 2016 | Shopping & Style
5 Answers
A shop keeper told me that this was completely unnecessary. He didn't explain it very well, though
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Avatar Image Bazile
Probably because of the bank charges that they incur for processing the transaction
15:00 Wed 06th Jul 2016
Avatar Image Old_Geezer
If the extra cost to them is more than the profit for the sell, or a significant amount, they can opt not to accept it.
15:07 Wed 06th Jul 2016
Avatar Image Mamyalynne
The new 'Contactless Card' was brought in with this issue partly in mind - of course many are not keen on it for various reasons.
15:08 Wed 06th Jul 2016
Avatar Image ummmm
Because they are charged per transaction.
15:08 Wed 06th Jul 2016
Avatar Image Sycamore3House
Because it costs the small business holder a annual fee to be able to have the facility and then on top they are also charged a percentage for each transaction.
15:30 Wed 06th Jul 2016

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