nanog mailing list archives
Re: Dear Linkedin,
From: Robert Bonomi <bonomi () mail r-bonomi com>
Date: Sun, 10 Jun 2012 13:49:51 -0500 (CDT)
From nanog-bounces+bonomi=mail.r-bonomi.com () nanog org Sun Jun 10 13:26:36 2012 Date: Sun, 10 Jun 2012 11:25:35 -0700 From: Michael Thomas <mike () mtcc com> To: "John T. Yocum" <john.yocum () fluidhosting com> Subject: Re: Dear Linkedin, Cc: nanog () nanog org On 06/10/2012 11:22 AM, John T. Yocum wrote:A merchant can offer a cash discount.I believe that the law just recently changed on that account. I believe that what Barry says was the old reality.
You believe incorrectly. :) Merchants have NOT, per Visa/Mastercard/Amex/Discover/Diners Club contracts in the U.S., been prohibited from offering discounts for cash transactions for more than 20 years -- based on my direct kowledge of such contracts as a card-processing merchand.. TTBOMK, merchants were -never- so prohibited by such a contract. There are 'restraint of trade' issues involved if a contract attempts to place restrictions on transactions that do not involve all the parties to the contract. Forbidding surcharges on transactions paid for by the issuer's card -is-, on the other hand, fair game for the contract under which the issuer agrees to pay for certain purchases. Recently-enacted (2010) U.S. law *does* explicitly permit -- overriding any contract terms to the contrary -- setting a 'minimum purchase amount' for credit card transactions, as long as that amount does not exceed US$10.
Current thread:
- Re: Dear Linkedin,, (continued)
- Re: Dear Linkedin, John T. Yocum (Jun 10)
- Re: Dear Linkedin, Michael Thomas (Jun 10)
- OT: Credit card policies (was Re: Dear Linkedin,) Jay Ashworth (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Michael Thomas (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Stephen Sprunk (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Robert Bonomi (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Stephen Sprunk (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Joel jaeggli (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Robert Bonomi (Jun 10)
- Re: OT: Credit card policies (was Re: Dear Linkedin,) Barry Shein (Jun 10)
- Re: Dear Linkedin, Robert Bonomi (Jun 10)
- Re: Dear Linkedin, Robert Bonomi (Jun 10)
- Re: Dear Linkedin, Jay Ashworth (Jun 10)
- Re: Dear Linkedin, Owen DeLong (Jun 10)
- Re: Dear Linkedin, Joe Greco (Jun 10)
- Re: Dear Linkedin, Jimmy Hess (Jun 10)
- Re: Dear Linkedin, Owen DeLong (Jun 10)
- Re: Dear Linkedin, Lyndon Nerenberg (Jun 10)
- Re: Dear Linkedin, Jon Lewis (Jun 10)
- Re: Dear Linkedin, Barry Shein (Jun 10)
- Re: Dear Linkedin, Owen DeLong (Jun 10)