Minimum Spend when using credit card

2e0arr

Slimming world franchisee takes £4.95 payment on an IZ card reader on her mobile phone for most of her clients.

Speedbird676

2e0arr said:

Slimming world franchisee takes £4.95 payment on an IZ card reader on her mobile phone for most of her clients.

iZettle and the likes are making card acceptance worthwhile for startups and small businesses. 

AstonSmith

Deleted_User said:

Morrisons will accept a card for a 50p newspaper. All the proper big chains will it's only the small businesses and one man bands that still see cards as the enemy.

It would cost a small business money to sell you the 50p newspaper via a bank card, even debit, because the profit margin on papers is tiny. They would literally be better off refusing the sale. That's what leads to minimum spends and the hostile attitude towards cards.

[Deleted User]

AstonSmith said:

Deleted_User said:

Morrisons will accept a card for a 50p newspaper. All the proper big chains will it's only the small businesses and one man bands that still see cards as the enemy.

It would cost a small business money to sell you the 50p newspaper via a bank card, even debit, because the profit margin on papers is tiny. They would literally be better off refusing the sale. That's what leads to minimum spends and the hostile attitude towards cards.

I just used a newspaper as an example. They will accept the card for for a 30p croissant from from the bakery counter too.

2e0arr

I'm going to try and buy a 10p carrier from Tesco with my credit card

Fingerbobs

2e0arr said:

I'm going to try and buy a 10p carrier from Tesco with my credit card

 I think my smallest credit card transaction was something like 4p or 6p, in TKMaxx. I bought products amounting to just under £50, and paid using a £50 gift card, but I wanted a carrier bag as well which took the total to a few pennies over £50, so paid the difference on my credit card.

callum9999

2e0arr said:

I'm going to try and buy a 10p carrier from Tesco with my credit card

Why? There's no limit so you already know it's going to work fine...
You can, and I have numerous times, spent as little as a penny on cards.

2e0arr

callum9999 said:

2e0arr said:

I'm going to try and buy a 10p carrier from Tesco with my credit card

2e0arr said:

I'm going to try and buy a 10p carrier from Tesco with my credit card....

callum9999 said:
 Why? There's no limit so you already know it's going to work fine...
You can, and I have numerous times, spent as little as a penny on cards.

i'll use the carrier bag to carry my shopping in