I bought a franchise and they are telling me that I have to use a particular bank to process credit cards, not my own bank. My bank says they cannot do that because of the anti-tying laws. Can you please shed some light on this?
Your bank is restricted as to what arrangements they can impose upon you, and Anti-Tying laws will apply to them. We can't comment on any restrictions franchise laws may allow someone to impose on you.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Your bank is restricted as to what arrangements they can impose upon you, and Anti-Tying laws will apply to them. We can't comment on any restrictions franchise laws may allow someone to impose on you.
