[Novalug] Credit -- was Virtual Box or KVM
James Ewing Cottrell 3rd
JECottrell3 at Comcast.NET
Thu Dec 23 16:44:28 EST 2010
Perhaps it wasn't clear what I meant.
MC/Visa prohibit a Merchant from setting Minimal Amounts on credit card
Thus, if you want to charge a 5 cent piece of candy, the merchant can't
What you are talking about is the recent practice of not requiring
signatures for charges less than a certain amount.
On 12/23/2010 3:53 PM, Jason Kohles wrote:
> It's neither illegal nor prohibited.
> Visa and MasterCard both have optional programs that allow stores to not
> require signatures for small purchases.
> Visa's program is called "No Signature Required" and allows retailers to
> skip requiring signatures for charges under $25. It has been around in
> limited form since 2003, but was made more widely available in March.
> MasterCard's is called "Quick Payment Service Program", has a cutoff that
> varies from $15 to $50 depending on the merchant, and has been around
> since 1991.
> Jason Kohles, RHCA
> Palantir Technologies | Unix Systems Engineer
> jkohles at palantir.com | 703.957.5784
> On 12/23/10 3:18 PM, "James Ewing Cottrell 3rd"<JECottrell3 at Comcast.NET>
>> On 12/23/2010 2:00 PM, Bonnie Dalzell wrote:
>>> I have noticed a number of supermarket checkouts and places like Panera
>>> are no longer having you sign for charges under $20. The charge is just
>>> accepted after the card is swiped. Maybe this is why the small charges,
>>> not as likely to be challenged.
>> Right, because this is technically illegal, at least in the sense as
>> being prohibited by MC/Visa agreements.
>> Whenever I mentioned this, the merchants always caved, but the sign does
>> deter people from asking to do it.
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