MasterCard and Discover minimum maximum transaction limits

MasterCard and Discover Card Brands Revise Minimum Transaction Amount Rules. Effective immediately, MasterCard and Discover announced a revision to their rules permitting Merchants the ability to set a minimum transaction amount of up to $10 on a Card Sale or Cash Advance when the purchase is made with a Credit Card (a card account that accesses a credit account) and does not differentiate between issuers or other card acceptance brands. Setting a minimum transaction amount limit for debit cards (Pin Debit or Signature Debit) is still prohibited

See related article Visa, MasterCard minimum transaction limit changes which highlights how this rule came about from the Durbin Amendment, passed and signed into law, July 2010.

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