Legal Question in Business Law in Iowa

Holding fees

Is a retailer required to post a notice if they have the practice of holding funds for debit card purchases?


Asked on 9/28/07, 11:08 am

1 Answer from Attorneys

Robert Luedeman solo practitioner

Re: Holding fees

I assume that what you're concerned with is the persistent problem of people overdrawing their checking accounts through the improvident use of debit cards and the likelihood of you as a merchant getting stung when someone does this. I'm not real clear on how debit cards operate with a merchant, so if you'd care to provide a bit more detail or email me offline we can visit about this further.

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Answered on 9/28/07, 11:43 am


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