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Credit and debit card surcharges to be banned

RHB

Super Moderator ⭐
Staff member
Joined
Aug 14, 2009
Messages
22,405
Location
Westcliff riviera
One of my pet hates is when I get charged a surcharge for paying for something by Credit or Debit card. So this latest gem was music to my ears.

http://www.bbc.co.uk/news/business-40648641

One short extract from the link made me really glad that we're leaving the EU (allegedly). We won't have to put up with any more of these directives.

It follows a directive from the European Union, which bans surcharges on Visa and Mastercard payments
 

Yorkshire Blue

Super Moderator⭐
Staff member
Joined
Oct 27, 2003
Messages
36,154
Location
London
I suspect it'll just be replaced with some sort of booking or admin fee covering all transactions rather than just card transactions.
 

RobM

55 years as a supporter!⭐
Joined
Jan 20, 2007
Messages
8,726
Location
Essex of course!
Credit card I can understand as the credit card co. charge commission. But debit card?
 

Beefy

Life President
Joined
Oct 27, 2003
Messages
18,901
Location
Old Leigh
Credit card I can understand as the credit card co. charge commission. But debit card?

Companies have to pay to get those credit and debit card payments processed. If it is cardholder present then they need to pay for the terminal too and if it is online then they're paying for the payment gateway.

That said the charges that the likes of airlines put on is way disproportionate to the amount that it costs to process that transaction. It's just an extra revenue stream for Ryanair & Flybe.
 

Billy Bests boot laces

President⭐
Joined
Nov 13, 2006
Messages
6,058
I'm sure this was initially announced 2-3 years ago, and was meant to be implemented within 18 months?. Oh well, better late than never!.
 
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