Cable Forum - View Single Post - Credit and debit card surcharges are to be banned

tweetiepooh · 19-07-2017, 10:15

The original EU rules apply to Visa and Mastercard, the UK are extending this to AmEx and Paypal.

My dad worked on Chip and Pin for Visa and he said that while it's true that the card companies do charge businesses for accepting them the cost is still lower than banking cash (this was some time back when C&P first arrived). The existing rules allow companies to charge more for cards but the charge must be commensurate with their costs to accept. This hasn't been followed so now no charge at all is allowed.

But, will businesses now add the charge to the price which is allowed as it applies to all customers, then maybe offer a discount for certain purchases? This is probably covered but how can they watch that for a small business like a market trader that may offer you a deal, no receipt if cash so no record.

19-07-2017, 10:15	#8
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM XXL TV: VM XL Phone : VM XL Posts: 3,115	Re: Credit and debit card surcharges are to be banned The original EU rules apply to Visa and Mastercard, the UK are extending this to AmEx and Paypal. My dad worked on Chip and Pin for Visa and he said that while it's true that the card companies do charge businesses for accepting them the cost is still lower than banking cash (this was some time back when C&P first arrived). The existing rules allow companies to charge more for cards but the charge must be commensurate with their costs to accept. This hasn't been followed so now no charge at all is allowed. But, will businesses now add the charge to the price which is allowed as it applies to all customers, then maybe offer a discount for certain purchases? This is probably covered but how can they watch that for a small business like a market trader that may offer you a deal, no receipt if cash so no record. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.