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No, in the EU the user and retailer directly pay all fees, and the size of the fees and transparency is regulated.
by Ninn 7y ago
No, in the EU the user and retailer directly pay all fees, and the size of the fees and transparency is regulated.
- supernova87a 7y agoAlso, in most other countries, merchants are allowed to explicitly charge extra for paying by credit card.
- pkaye 7y agoMerchants are allowed to charge a surcharge for credit card usage in the US.
- oasisbob 7y agoIIRC, even now they're still not allowed under the network rules. A cash discount IS allowed. So, a $.10/gal cash discount for gas is OK. The register having a sign that says "we charge $.75 for card transactions under $30" is not. Not that you don't see that all the time... (It's been a while since I've drank the regulatory alphabet soup on this, could be mistaken. )
- pkaye 7y ago> Businesses are allowed to impose a surcharge on credit card purchases made on Visa and Mastercard, under a court settlement that took effect in January 2013. https://www.creditcards.com/credit-card-news/what-are-my-rights-avoid-surcharges.php https://www.creditcards.com/credit-card-news/what-are-my-rig...
- ChrisLomont 7y agoI don't think this is true. I lived in the UK, and there were same costs for cash and card. EU laws have this statement: >Today’s ban means that it will be unlawful for retailers to charge additional fees when someone uses a particular credit or debit card, or other payment systems like PayPal, to make a purchase. This will ensure consumers can be confident that there won’t be any nasty surprises, and they won’t be penalised for wanting to pay in a particular way. https://www.gov.uk/government/news/card-surcharge-ban-means-no-more-nasty-surprises-for-shoppers https://www.gov.uk/government/news/card-surcharge-ban-means-...