We’ve talked in the past about how the major credit card issuers don’t allow merchants to require a minimum transaction amount in order to accept a credit card (e.g., here and here). Well, guess what? That appears to be a thing of the past.
As I previously reported, the recent financial reform legislation allows merchants to enforce minimum purchase requirements as long as they’re applied across the board.
What do you think? Is this a good idea? I suspect that the answer to this question depends on your situation. Small merchants are probably thrilled to have the flexibility, whereas consumers are more likely to be unimpressed.