What is the minimum transaction amount on a Visa credit card?

MiniMuM transaction aMount on a visa credit card Did you know U.S. merchants may impose a minimum transaction amount on a Visa credit card issued in the U.S. or a U.S. territory? The minimum transaction amount must notbe greater than $10.

What is minimum transaction amount?

Minimum Transaction Amount must not discriminate between issuers (the entity that issues the credit card) or between Visa and other card brands and networks such as American Express and Mastercard. The card used must be a credit card. Minimum transaction amounts cannot be applied to debit cards even if the customer swipes or uses the chip.

Can a merchant set a minimum or maximum transaction amount?

A Merchant must not establish a minimum or maximum Transaction amount as a condition for honoring a Visa Card or Visa Electron Card. Mastercard Rules also prohibit merchants from setting this charge:

Can I set a minimum transaction amount on a credit card?

Minimum Transaction Amounts are permitted on credit card transactions only Establishing a Minimum Transaction Amount as a condition for honoring a Visa debit card or a prepaid card is a violation of Visa Rules. If you choose to set a minimum amount to credit card transactions, you must adhere to the following requirements: