Which condition is NOT a requirement for withholding payment during a dispute on a credit card transaction?

The correct choice highlights that the requirement for the transaction amount to be over $100 is not necessary for withholding payment during a dispute on a credit card transaction. According to consumer protection regulations, specifically the Fair Credit Billing Act, there are certain conditions that enable cardholders to withhold payment while disputing a charge.

For instance, it is required that the dispute must concern a transaction that exceeds $50, making the upper limit of $100 irrelevant in this context. Additionally, it is also necessary that the cardholder attempts to resolve the dispute before withholding payment and that the transaction in question occurs within a certain geographical distance from the member’s residence. These regulations are structured to protect consumers while also ensuring that there are boundaries to prevent frivolous disputes. Thus, the stipulation about the transaction needing to exceed $100 is not a requirement, as there are instances where lower amounts can be disputed under the law.