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Originally Posted by snipenekkid
credit card allow charges for any amount. In fact it is a violation of a merchants agreement with all credit card companies to restrict or in any way impose a charge amount limits affecting a cardholders ability to use their card for any purchase.
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Actually, several people have had these charges refused or their CC canceled/blocked due to suspected fraud activities (penny charges are often used to "test" a card's validity, although these are usually then backed out before the cardholder sees them). Merchants don't get to set the rules, it's true, but there are other ways around them (and you'll often see minimum purchase limits in stores). These problems, however, were when their fraud detection measures kicked in, not arbitrary tiny charges.
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I am thinking Amazon might be doing the same thing as they do with the $0.10 charge when emailing books to your Kindle. Amazon allows the balance to accumulate until there is at least $2.00 in charges. So perhaps the penny is added to that ledger?
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They aggregate charges in the music store all the time - there is some tiny overhead in processing any charge (but Amazon no doubt doesn't pay what most others do .. and nothing on their own charge card), but it's also a favor to customers so they don't see a few hundred charges on their statements. Too bad they don't do that in the Kindle store or make the process of getting and entering a gift certificate balance a bit easier (it takes forever; maybe they should study the process at other places, where you can purchase "rewards" or "micropay" -- name an amount, confirm your pmt, your balance automatically increases).