The new daily limit for credit cards was imposed by the U.S. Patent and Trademark Office (USPTO) and will be enforced through Pay.gov, the system used by the Department of Treasury to process all credit and debit card payments. If a cardholder exceeds the daily limit, the system will reject the payment and notify the user that the daily maximum has been reached.

Although this change is not entirely relevant to the average American, businesses who make large amounts of purchases on their credit cards could be affected by this. Alternative ways for credit card holders to submit large dollar payments include through a deposit account, electronic funds transfer (EFT) over the USPTO website, or a wire transfer through the Federal Reserve Fedwire System.

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Best regards
und viele Grüße aus Charlotte
Reinhard von Hennigs
www.bridgehouse.law