$75 Limit on Credit Card Charges for Gas
Why do gas stations have a $75 limit on Visa or MasterCard transactions at the pump?
According to stations owners they say they are simply following the policies of Visa and MasterCard, who won’t reimburse them more than $75 per transaction at the pump if there’s a disputed charges or fraudulent card use!
What does MasterCard say:
“It’s the merchants’ decision to limit purchases,” says Visa spokesman Paul Wilke. He adds: “Customers always have the option of paying with the card at the cash register” where its policy differs from the pump.
The $75 limit “ensures merchants and customers are protected from fraud,” says MasterCard spokesman Tristan Jordan.
Visa and MasterCard have no immediate plans to go higher. “It’s something we always look at,” Wilke says.
Thanks to the USA Today for for this lesson-Happy Friday!!
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$75 Limit on Credit Card Charges for Gas
