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Minimum Transaction Amounts for Credit Card Transactions
U.S. merchants are now allowed to have a minimum transaction amount for credit card transactions. This allowance does not apply to debit cards.
Here are the rules.
- The credit card must access a credit account.
- The minimum transaction amount must not be over $10.00 (to date).
- The merchant must not differentiate between card brands or brand associations.
First Data FD50 Credit Card Terminal
FD50 Terminal
The First Data™ FD50 terminal is an affordable all-in-one solution that combines performance and security with reliability and ease of use. It delivers high-quality transaction processing and a secure Internet Protocol (IP)/dial-up platform compatible with many standard peripherals.
Potential Benefits
The FD50 terminal, which is quickly and easily installed, accepts PIN-secured and signature debit cards, credit cards (including American Express®, Discover®, and Diners Club®), contactless payments, gift cards, and checks using TeleCheck® ECA® or paper solutions. The FD50 terminal rapidly processes transactions through a dial-up or IP connection, and generates customer receipts with only the last four digits of the card number to help prevent fraud and identity theft.
Industries Served
- Retail
- Restaurant
- Grocery
- Travel and entertainment
- Direct marketing
- Electronic commerce
Help Your Business
Improve your bottom line
- Accept all major bank and credit cards
- Keep infrastructure costs low with a terminal and printer combination
- Reduce chances of lost connection and lost sales
Deliver superior customer service
- Improve your customer wait times with faster transactions and a quick printer that speeds through text, bar codes and graphics
- Utilize customer fraud protection functions with customer, merchant and report truncation features
Easy-to-use technology
- Intuitive touch screen display for ease of use
- Fast terminal downloads using IP or dial-up over a standard 56K modem
- Easily supports both IP and dial-up with Secure Sockets Layer (SSL) encryption
- True 32-bit processing (ARM 920T 32-bit CPU core)
- Drop-in paper-loading system is quick and hassle-free
Features
Compact design
- Convenient, user-friendly size
- Fast printer capable of 15 lines per second
- IP capability with dial-up as connectivity backup
- Durable keys
- Merchant-friendly, one-touch feature for daily functions
- Three-track magnetic stripe reader
- Contactless support
- 64 MB RAM standard memory
- Five USB ports
- Address verification service
- Batch history
- Simplified support and installation
- 2.25” wide thermal roll printer
For more information on the FD50 and next day funding, visit http://www.paymentmax.com/
