Credit card limits when filling up the tank
I've been out of the RV scene for a while but now that we have a new MH I remembered something about credit card limits at the gas pumps. Assuming those restrictions are still in place, are they cont...
Forum Discussion
mowermech wrote:
I have come to the conclusion that it is the card processor that sets the limits.
The card processor is a middle-man most people don't realize exists in many transactions.
I used to do IT work for a major quick service restaurant company - the second largest in the US.
One project we completed just before I left was to move the credit card processing in-house. So we would deal directly with the CC issuing banks for payment.
It exposed the company to some additional potential for fraudulent use and stolen card risks. But we saved the company $6 million a year in fees to the credit card processor middlemen by setting up our own internal system.
Most retail companies try to go with the cheapest processor of the credit cards. And those companies like to limit their risks and place artificial limits on transactions.
