diff --git a/gratipay/main.py b/gratipay/main.py
index 2a112600a3..bc63412e5a 100644
--- a/gratipay/main.py
+++ b/gratipay/main.py
@@ -65,7 +65,6 @@
 tell_sentry = website.tell_sentry = gratipay.wireup.make_sentry_teller(env)
 website.db = gratipay.wireup.db(env)
 website.mailer = gratipay.wireup.mail(env, website.project_root)
-gratipay.wireup.settings(website.db)
 gratipay.wireup.base_url(website, env)
 gratipay.wireup.secure_cookies(env)
 gratipay.wireup.billing(env)
diff --git a/gratipay/testing/__init__.py b/gratipay/testing/__init__.py
index 60507d105f..257f9095f4 100644
--- a/gratipay/testing/__init__.py
+++ b/gratipay/testing/__init__.py
@@ -116,8 +116,6 @@ def clear_tables(self):
                 tablenames.insert(0, tablename)
         self.db.run("ALTER SEQUENCE participants_id_seq RESTART WITH 1")
 
-        gratipay.wireup.settings(self.db)
-
 
     def make_elsewhere(self, platform, user_id, user_name, **kw):
         info = UserInfo( platform=platform
diff --git a/gratipay/wireup.py b/gratipay/wireup.py
index 1a2e0b5c6d..c93138dfdd 100644
--- a/gratipay/wireup.py
+++ b/gratipay/wireup.py
@@ -59,12 +59,6 @@ def db(env):
 
     return db
 
-def settings(db):
-    from gratipay.billing.exchanges import MINIMUM_CHARGE
-    with db.get_cursor() as cursor:
-        cursor.run('DELETE FROM settings')
-        cursor.run('INSERT INTO settings VALUES (%s)', (MINIMUM_CHARGE, ))
-
 def mail(env, project_root='.'):
     Participant._mailer = mandrill.Mandrill(env.mandrill_key)
     emails = {}
diff --git a/sql/branch.sql b/sql/branch.sql
index 90d3bad0a4..d1a0104b1c 100644
--- a/sql/branch.sql
+++ b/sql/branch.sql
@@ -1,5 +1,4 @@
 BEGIN;
     UPDATE payment_instructions SET due = 0 WHERE amount = 0 AND due != 0;
     UPDATE payment_instructions SET due = floor(9.41/(amount)) * amount WHERE due > 9.41;
-    CREATE TABLE settings (minimum_charge numeric(35,2) DEFAULT NULL);
 END;