Posts Tagged ‘surcharging’

The UK government’s ban for merchants from imposing “excessive” surcharges when customers use their debit and credit cards to pay began on Saturday, April 6th. Card surcharges have become a hotly debated topic over recent years. Many consumers feel it is unfair that they have to go through a complicated checkout process only to find out that there […]

Apr 8th, 2013 | Filed under Banking, Retail Banking

Do you feel annoyed when having decided what to buy, you get to the checkout only to find out that the price has increased because the merchant slapped an extra fee for paying by card? I know, I do. The card networks know that as well, which is why they have been insisting on a “no surcharge” rule – i.e. […]

Feb 1st, 2013 | Filed under Banking, Retail Banking

Just before the country stopped to celebrate Christmas, the UK Treasury announced that the government plans to ban the ‘excessive’ fees for card payments before the end of 2012. Essentially, this is the ban for card surcharging, i.e. fees that get added to the transaction if the person chooses to pay by card. Unfortunately, in […]

Dec 28th, 2011 | Filed under Banking, Corporate Banking, Retail Banking