Sales and Marketing

Subtitle

Ban on card payment surcharges comes into force

BY: HERTS GROWTH HUB

TAGS: Finance

Ban on card payment surcharges comes into force

From 13 January 2018, business operators will no longer be able to charge customers a fee for using their debit or credit card to pay for goods or services. Currently, a trader can apply a surcharge when taking payment by debit or credit card to cover the cost of accepting card payments. Under the new rules, all surcharges on card payments will be banned. However, business operators can continue to refuse card payments or to require a minimum spend for card transactions. The changes are being introduced as part of the EU Revised Payment Services Directive.

For further information, go to: Share this -->

• More news and blogs from HERTS GROWTH HUB