Korean shop owners and creditcard fees?

[NeoPTLD]

I noticed that more often than not, Korean owned stores that accept credit cards establish their own store policies in conflict with VISA and MasterCard contracts. They both explicitly prohibit the establishment of surcharge, minimum/maximum amount for credit card purchase.

It seems to me that they think they're above the rules.

Anyone else notice this and what's up with this?

I'm quite aware the processor/bank charge them a fee per transaction and I'm not here to consider justifications. It's just like electricity, water, gas and general cost of business. Can you see yourself adding "general cost of business surcharge" to your customer's purchase?
How about dressing room usage fee, restroom usage fee or "cover charge" to overcome the fixed cost?

 

[amddude]

I believe that does violate the agreements of visa, mc, and amex. You can call the card company to complain and they should take action.

 

[NeoPTLD]

thanks mr. sherlock. I'm quite aware. I was asking a question about the trend/pattern.

 

[imported_Mike]

Originally posted by: NeoPTLD
thanks mr. sherlock. I'm quite aware. I was asking a question about the trend/pattern.

Go get some coffee

 

[JeffreyLebowski]

Well if you don't like it, don't shop there.

It's not just Koreans that do this.

 

[Double Trouble]

Originally posted by: JeffreyLebowski
Well if you don't like it, don't shop there.

No, if you don't like it, complain to Visa / MC and notify them that the merchant is not living up to the visa/mc terms and conditions.

I've actually seen this trend go the other way, it seems to be getting better. Lots of stores used to have the "$5 minimum" etc kind of charges, now that doesn't seem to be the case for all but the most disreputable stores.

 

[krunchykrome]

Yes, Korean shop owners are above the law and they're the only one's who do this you nimwit.

:roll:

 

[ch33zw1z]

It's also a law in some states that you cannot have a minimum purchase to use a card. More likely that the shop owners don't know, and try to c.t.o.a.

 

[DivideBYZero]

Casual racism FTL

 

[nakedfrog]

Originally posted by: krunchykrome
Yes, Korean shop owners are above the law and they're the only one's who do this you nimwit.

:roll:

I think this is the first time I've seen that particular juxtaposition of words, was it intentional?

 

[b0mbrman]

Originally posted by: NeoPTLD
thanks mr. sherlock. I'm quite aware. I was asking a question about the trend/pattern.

You should stop shopping at those places.

 

[krunchykrome]

Originally posted by: nakedfrog

Originally posted by: krunchykrome
Yes, Korean shop owners are above the law and they're the only one's who do this you nimwit.

:roll:

I think this is the first time I've seen that particular juxtaposition of words, was it intentional?

After I googled the definition for juxtaposition.......no it was not intentional, but it was a run-on.

 

[0roo0roo]

i think some small computer stores used to do that. better cash price.
seemed fair to me.

 

[sonambulo]

You could always just crap in an envelope and leave it hidden somewhere in their store.

Anyways, just call the credit card company.

 

[Phokus]

Minimum charges are against credit card policies? Sounds like every restaurant i go to is violating their rules then...

 

[Asharus]

Originally posted by: Phokus
Minimum charges are against credit card policies? Sounds like every restaurant i go to is violating their rules then...

If this is true, can someone link it? I want to report a local Italian restaurant.

 

[dethman]

koreans get together every tuesday night and find ways they can fvck you. retard.

 

[waggy]

went to a small store in Plainfield Il the other day. wanted to buy a 12 pack of pepsi. the cost of the 12 pack was $4.69. the guy a tthe register tried to charge me $10 because they have a min for CC payments.

I just walked out (no they did not get my CC so no charge). sigh i had to drink coke at the party sigh

 

[ScottFern]

Its so true! We have this "American Deli" run by a Korean family and this dumb women secretly adds 40 cents to my bill because I am using a credit card. There is no minimum she just charges 40 cents for any credit card purchase. It took me a second to realize what she was doing. I am not going back there! Jimmy John's accepts credit cards just fine and there is no credit card fee.

 

[dullard]

Originally posted by: Asharus
If this is true, can someone link it? I want to report a local Italian restaurant.

Page 2-22
"A merchant must not directly or indirectly require any MasterCard cardholder to pay a surcharge or any part of any merchant discount or any
contemporaneous finance charge in connection with a MasterCard card transaction. A merchant may provide a discount to its customers for cash payments. A merchant is permitted to charge a fee (such as a bona fide commission, postage, expedited service or convenience fees, and the like) if the fee is imposed on all like transactions regardless of the form of payment used."

"A merchant must not require, or post signs indicating that it requires, a minimum or maximum transaction amount to accept a valid MasterCard card."

Merchant violation reporting link.

 

[SarcasticDwarf]

Originally posted by: Phokus
Minimum charges are against credit card policies? Sounds like every restaurant i go to is violating their rules then...

It is very common for independent resteraunts to violate the policy. I really don't mind as long as it is clearly stated. The chain stores do not do it because they will not get away with it AND they get much lower rates.

 

[fatkorean]

Some stores charge because of all the small dollar amounts the store carries like candy and pop. Lets say a credit card charge cost them 25cents+2% of the transaction cost. What if they sell a 30cent piece of gum? They probably only make 5 cents on that candy and if someone uses a credit card it cost them 26cents for a minus profit on the gum.

-fk

 

[nakedfrog]

Originally posted by: krunchykrome

Originally posted by: nakedfrog

Originally posted by: krunchykrome
Yes, Korean shop owners are above the law and they're the only one's who do this you nimwit.

:roll:

I think this is the first time I've seen that particular juxtaposition of words, was it intentional?

After I googled the definition for juxtaposition.......no it was not intentional, but it was a run-on.

I think it was more of a portmanteau.

 

[Gooberlx2]

Meh, I got a gatorade at gas station that had a $10 minimum charge, so I had to pay in cash. I'm sure I could have brought up the rules (except for the fact that I didn't know they existed until this thread) and the lady would have said, "fvck you, leave my store". And then I'd call the CC company and they'd say "we'll look into it"...aka "fvck you, too small time for us to persue".

A lot of businesses around here don't accept CC's at all because of this fee. In a way, I think it's scummy of the CC companies to be charging the very people who enable their business/industry such a fee...but I also realize that business is business, and that's just how it is.

Oh, and they weren't Korean.

 

[JEDIYoda]

Originally posted by: NeoPTLD
I noticed that more often than not, Korean owned stores that accept credit cards establish their own store policies in conflict with VISA and MasterCard contracts. They both explicitly prohibit the establishment of surcharge, minimum/maximum amount for credit card purchase.

It seems to me that they think they're above the rules.

Anyone else notice this and what's up with this?

I'm quite aware the processor/bank charge them a fee per transaction and I'm not here to consider justifications. It's just like electricity, water, gas and general cost of business. Can you see yourself adding "general cost of business surcharge" to your customer's purchase?
How about dressing room usage fee, restroom usage fee or "cover charge" to overcome the fixed cost?

Is this a recist thread against korean shop owners?
Why now American or Canadian shop owners or German or French or Polish or Iranian??