Here's a link to the full EU Directive.
http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32015L2366&from=EN
It's pretty heavy going. I've managed to find out that there's more to the directive than just stopping CC Surcharges - including new regs on "payment initiation services" (my assumption is Paypal is one of these), but unable to find any reference to their transaction fees.
Can't quite see how this legislation helps anyone? All that will happen is prices go up.... everyone loses. I thought we were supposed to be worried about inflation!
The aim will be to have transparent pricing ie the price you see is the price you pay.
DezB - Member
you wont now be able to ask the buyer to cover the fees?
The STW favourite - list a price and list your payment options.
I must admit to finding it a bit odd that some businesses seem to think that they shouldn't have to pay the credit card companies for processing their transactions for them. Do they expect the post office to deliver their parcels foc too?
I must admit to finding it a bit odd that some businesses seem to think that they shouldn't have to pay the credit card companies for processing their transactions for them. Do they expect the post office to deliver their parcels foc too?
I think it was more that the businesses did not feel like they should have to pay the arrangement fee for the consumer to effectively get a loan to buy their product.
mikewsmith - Memberyou wont now be able to ask the buyer to cover the fees?
See how you like it 😛
apologies, you were quoted in there somehow
I think it was more that the businesses did not feel like they should have to pay the arrangement fee for the consumer to effectively get a loan to buy their product.
Most card transactions in the UK are debit.
When we tried to buy a car with cash pound notes they wanted to charge us a supplement.
