Re:Put tiny businesses back into residential neighborhoods
by pedantsamaritan on Friday July 24, 2020 @10:59AM
(#23940275)
> which they aren't supposed to be doing
What is restricting them now? I knew it used to be part of the merchant-network agreement, and based on my quick searching that was due to US federal law. Then Dodd-Frank changed it to allow minimums up to $10 [0][1][2]
[0]: https://www.creditcards.com/credit-card-news/merchant-minimu...
[1]: https://www.creditcards.com/credit-card-news/merchants-who-v...
[2]: https://usa.visa.com/dam/VCOM/download/merchants/minimum-tra...
People like bodegas, they are everywhere and like someone else said: tax evasion. Bodegas love cash, and you learn to carry it otherwise you are going to have to meet a $5 - $10 min (which they aren't supposed to be doing, but do)