Acquired
Visa
David Rosenthal
So when you paid for something with a credit card in a store, All merchants had what was called a floor limit. And the floor limit was any transaction over that limit could not be authorized directly on the floor. And say it was, I don't know, 50 bucks or something like that. Anything paid with a credit card under $50, it was basically within the judgment of the cashier to say yes or no.
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