Using gift cards for more than just gifts
Because they are usually called “gift cards,” it’s easy to think that their main function is to be sold and given as gifts, like the gift certificates that preceded them.
Setting minimums for credit card purchases
Visa and MasterCard, in their merchant agreements, do not allow merchants to set a minimum amount for a purchase. If you accept these cards, you are obligated to accept them for purchases of any amount.
Retailers post small sales gains in October
LANSING – Michigan retailers rang up slightly better sales in October, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association (MRA) and the Federal Reserve Bank of Chicago.
Governmental Affairs: November 13, 2015
Legislature takes Thanksgiving/hunting break
Legislators headed home this week for a two and a half week break for the Thanksgiving holiday. The break also falls during Michigan’s two-week regular firearm deer hunting season (November 15-30).
Preventing credit card chargebacks
Failure to follow Visa and MasterCard regulations exactly can leave retailers out in the cold when a customer challenges a billing.
Several common errors could cause you to be held liable for a chargeback:
- A single card transaction was processed more than once and the customer was double-billed.
Michigan Retailers: ‘Assessor Overreach’ legislation would be unconstitutional tax increase
LANSING – Legislation that would change local property assessment practices on large retail stores amounts to “assessor overreach” and an unconstitutional tax increase, Michigan Retailers Association President and CEO James P.
Michigan Retailers elects board members, officers
LANSING – The Michigan Retailers Association Board of Directors has re-elected all officers for 2015-16, following the membership’s election of four incumbents to the board at the Association’s 2015 Annual Meeting.
Governmental Affairs: October 30, 2015
House passes second road funding plan
The Michigan House approved yet another road funding plan last week, this time relying on $600 million in new revenue through a gas tax increase and registration fee increases and $600 million in general fund budget cuts.
Payment card liability shift leads to Three Card Monty
The widespread distribution of EMV/Chip payment cards and the October 1 shift of liability away from those with the latest technology have sure produced a lot of chatter.
Although much of the discussion has made for better understanding of the payments industry and security issues,
