Payment Processing

Laws and regulations regarding credit card truncation

First, credit card truncation means that electronically printed credit card receipts will print only part of the card number, usually the last four numbers. This is to prevent lost receipts from being used for fraudulent transactions.

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.