not really, from a retailer point of view, it is too much trouble to close a small transaction and the associated record keeping

I as a retailer do not practise minimum amount but the point I was trying to make was that many retailer don't want the additional work of reconciling small amounts - may not be worth their while. Imagine someone swipes rm12 in a small store. the owner will have to either wait for his rm12 cheque (less commission) or his rm12 giro credit (less commission) if that is his only card transaction for the day. There is work involved to check that the payment is in and that's why unless the swipe amount is attractive, in the absence of laws, they make their own laws of minimum swipe amounts.

This is especially true of merchants who do little card business. Imagine the whole day turn over rm1012 - rm1000 cash and rm12 card and then have to look out and reconcile the card payment. I was not hinting at anything illegal or hiding the transaction.

This post has been edited by sbd: Jan 12 2013, 11:37 PM

Forget about bus company, even AirAsia is doin it....

Police report should be made in Malaysia no matter where you lost your card. It is a formality to state that it is lost/stolen so that you're exempted from paying fraud charges.

yes speaking from experience. it's a formality by the bank to make sure if you're lying then you just committed an offence by a false police report.

I think it will be more like: yes we can cancel your Visa or Master but you will still pay rm50 govt tax.

it's not across board - it can be anywhere from 1.5 to 4 percent. Small new merchants will probably pay 4 percent