In some countries (Australia, Canada, India, South Africa, United States), a merchant is allowed to repay cash in a visa transaction under certain circumstances and for certain types of cards (for example. B debit cards). Refunds are only allowed if the Visa card has been sent to the same country as the merchant. All regional or country rules under the basic visa rules and visa products and services rules apply to transactions, traders, issuers and purchasers in their region or country, and all rules bearing the name of a region or country or country apply only to financial institutions operating in that region or country. Interlink Network Inc. Operating Regulations applies to financial institutions operating in the United States and Canada. In order to protect cardholders and merchants and to preserve the integrity of the visa system, we have omitted proprietary and competitive information as well as certain details of network security rules. The proposed discounts for making cash, cheques or other non-credit card payments are not a financing fee if they are offered to all potential buyers and clearly disclosed in accordance with the rules. As soon as a merchant contract is terminated for one of the above reasons, Visa prohibits its member banks from entering into new contracts with the merchant or its constituents. Processors who declare a reseller banned should expect significant fines, as shown in the table below: Some traders (for example, government. B, education) in Canada, Egypt, Russia and the United States are allowed to assess service charges for visa card transactions. As U.S.
companies, Visa Inc. and its related companies must comply with U.S. law, including trade sanctions that are managed and enforced by the Office of Foreign Assets Control (OFAC). OFAC prohibits or restricts transactions with certain countries, organizations and individuals. For example, Iran, Sudan and Syria are banned nationally. For more information about OFAC, please visit the U.S. Treasury Department website. Learn more about visa rules as consumers or Visa traders has strict rules on currency conversion if you use your Visa card outside the country where it was issued. You must have the option of having the booking processed in local currency. If the merchant has not done so, please inform your Visa card issuer. As a general rule, a merchant is not allowed to set a minimum or maximum amount for a visa transaction.
However, exceptions apply in U.S. and U.S. territories, such as Puerto Rico, the U.S. Virgin Islands and Guam. In these locations and only for credit cards, a merchant may require a minimum transaction amount of $10, and government agencies and education merchants can set a maximum transaction amount. If a merchant has refused to accept your Visa card on the grounds that the merchant requires a minimum or maximum amount on a Visa debit card or that the amount of a credit card is more than 10 $US, please inform your visa issuer. Below are some frequently asked questions about visa rules.