Point of Sale (POS) Glossary
A card signature threshold is an amount a transaction must exceed to trigger requiring a customer to sign for a transaction. Amounts under the threshold would not need a signature. Visa, Mastercard, Discover, and American Express all ended their requirements for signatures at point of sale terminals in the United States in 2018.
Customers appreciate checking out more quickly without a signature, and it also helps to reduce contact that could spread disease. Since many cards are now NFC (near-field communication) enabled, requiring a signature would reduce that technology’s convenience.
Outside of the U.S., there are still some requirements for signatures, and a U.S. merchant may also decide to require signatures at their business. If a merchant chooses to enable a card signature threshold in their POS system, they may set it at whatever amount they want.
Customers love promotions! Buyers are often pulled in by one deal and wind up buying regularly priced merchandise in addition to, or sometimes instead of your discounted items.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.