Have You Ever Heard of The "Durbin Amendment"?
As the owner of a Bar, Restaurant or Nightclub you'd better know about it. It legalized the simplest to implement most effective sales management tactic known to man.
The Durbin Amendment is a provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act aimed at debit card interchange fees and increasing competition in payment processing. The bill aimed to restrict anti-competitive practices and encourage competition, and included provisions which allow retailers to refuse to use cards for small purchases and offer incentives for using cash or another type of card