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Home News Current Affairs

Bank Negara Clarifies That No Minimum Spend Is Necessary For Payment Using Cards

by Gowri
December 12, 2017
Source: HostelHunting

Source: HostelHunting

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A Facebook post went viral some time last week after a user by the name Ikram Zidane sent a message to Bank Negara.

In his message, Ikram asked the bank if it was legal for merchants to impose a minimum amount of purchase for card payment. Bank Negara responded and clarified that merchants are actually prohibited from doing such things.

Source: Ikram Zidane

We contacted Bank Negara, and they confirmed that this is true. They also encourage consumers to lodge a complaint against merchants who impose such rules. You can send Bank Negara the merchant’s name, address, acquirer’s name, and explain the situation to them.

Well, now we know!

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Sources: Facebook/VOICE, Instagram/HRH Crown Prince Of Johor
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