Comment Re:Wow ... (Score 1) 419
You don't legally have to accept any form of credit. However, you cannot selectively refuse to accept credit if the bank accepts the transaction. *You* aren't issuing the credit, so there is nothing for you to accept or refuse. If you run the transaction, you are agreeing to accept it if the bank does. You can't say, "well, the bank agreed to accept credit, but nevertheless, I won't accept it." You used to be able to, but this was horribly abused by businesses who would reject credit cards from young people, people who looked poor, and so on.
I'm not sure the fact that the bank initially rejected the transaction would help here. If the bank accepted the transaction, you then have a legal obligation to do so. "We have no way to do that" doesn't seem like a reasonable argument unless you actually do have no way. But here you clearly could run the transaction again. So it seems, at least to me, like this policy doesn't comply with the law and creates exactly the situation the law was trying to prevent -- people who have credit transactions accepted by their bank still have them refused by businesses that have no legal authority to accept or decline the offer of credit.