Forum Discussion
mowermech
Aug 24, 2013Explorer
In my admittedly slight amount of research, I have found that:L
1. The merchant says the bank sets the limit.
2. The bank says "No, we don't, it is the card sponsor".
3. The card sponsor (Visa, Discover, Amex, etc.) says "No, we don't, it is the merchant!"
4. SOME merchants say it is the POS (Point Of Sale) company they use. That is, the company which owns the card reader that they are using.
5. The POS companies are silent on the issue.
I have no idea what the truth of the matter is!
1. The merchant says the bank sets the limit.
2. The bank says "No, we don't, it is the card sponsor".
3. The card sponsor (Visa, Discover, Amex, etc.) says "No, we don't, it is the merchant!"
4. SOME merchants say it is the POS (Point Of Sale) company they use. That is, the company which owns the card reader that they are using.
5. The POS companies are silent on the issue.
I have no idea what the truth of the matter is!
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