It comes into force tonight, but whilst all the news agencies list PayPal as an example of surcharging, I can’t see anything about changes on their site.
Anyone have more information?
M
You aren’t charged a specific fee for using a CC with PayPal though?
You are if you send money using either a debit or credit card.
I never have been? Used both at one time or another
The article I saw said that the ban was o hidden fees. So a fee that is charged at the end of the process during payment.
There was no mention that it had to be removed or reduced just on the price from the start.
No one will be getting a better deal from this... the crappy companies that surcharge will still charge
No one will be getting a better deal from this... the crappy companies that surcharge will still charge
Except the retailers, as it gets added to the price for everyone, not just those using a CC...
I believe either just eat or one of the other online takeaway comanies have changed theirs to a “service charge” and provided it’s charged to all customers be it cash,debit or credit they can get around the new legislation
I believe either just eat or one of the other online takeaway comanies have changed theirs to a “service charge” and provided it’s charged to all customers be it cash,debit or credit they can get around the new legislation
Yep: http://www.bbc.co.uk/news/business-42621989
They all need to recoup the costs somehow (not that the cost is as much as 50p), so I would just expect to see prices rise across the board to cover the fees.
Typical tory legislation move isnt it...
Pretend you have done something to save people money but really it just means businesses just add a little more onto everything so people are actually worse of and profits go up slightly.
Correct, but at least the fees “aren’t hidden” and that’s the important point.
The charges are up front and visiable, it’s then the customers choice before the transaction is about to/has taken place.
Transparency, it’s all about transparency..
Yeah I'd do agree with that.
Sometimes you find and item slightly cheaper on one website over another and then when it gets to the checkout there is a fee that makes it the same/more expensive so just wastes time and is pretty sneaky
Typical tory legislation move isnt it...
It's actually EU legislation, much as the Tories are trying to sound like its their idea or implementation...
All it means is you can't hide the fee. You can still charge, it's just a bit clearer to consumers that the charge is actually there and what it's for. Rather than being added on at the end without your initial knowledge.
All it means is you can't hide the fee. You can still charge, it's just a bit clearer to consumers that the charge is actually there and what it's for. Rather than being added on at the end without your initial knowledge.
I would call just hiking the ticket price of the good or service hiding it, though, wouldn’t you?
If the good or service is directly comparable between vendors then it might do some good, but if it is a case of “I want that particular shirt” then you don’t really know what margin the vendor is making on it in any case, so they’ll just stick the price up by a bit.