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From the article: "The regulator is investigating in particular rules that say merchants may not offer their goods and services at a lower price to customers w
by cgeier 4y ago
From the article:
"The regulator is investigating in particular rules that say merchants may not offer their goods and services at a lower price to customers who choose a cheaper payment method than PayPal."
That does sound rather uncompetitive.
- em-bee 4y agoisn't that the same as credit cards not allowing to charge extra for using them? which btw is now also not allowed by EU rules.
- cgeier 4y agoTrue. Also sounds uncompetitive to me.
- em-bee 4y agobut this is what the EU seems to want. based on EU regulations surcharges at least for credit cards are illegal. the price for the consumer must be the same. for some reason it does not cover paypal though.
- orf 4y agoBecause the member states of the EU, and countries in general, want a paper trail. This reduces lost taxes due to underreporting. As such it would be foolish to allow shops to deincentivise that
- BrandoElFollito 4y agoI do not think it was ever allowed. EDIT: I did not realize you were talking specifically about Germany. In France you had a lot of "minimum 10€ to pay with CC", now this is mostly gone after COVID.
- QuarterReptile 4y agoI think that rule disappeared long ago in the US because apparently people spend more with CC.
- BizarroLand 4y agoIt's still alive and well in Washington State. It's sporadically used, mostly by gas stations and small stores when you use a credit card they will add a 50 cent fee or charge an extra dime a gallon for gas, things like that.
- guenthert 4y agoIt is also convenient for the vendor. Checks are a major hassle, check fraud apparently still a thing and cash comes with additional security implications. Don't let the vendor tell you that CC fees reduce their margin!
- wefarrell 4y agoThat's also pretty anticompetitive ant it's crazy that this behavior has been tolerated for so long. Regulators have been asleep at the wheel.
- deleted 4y ago[deleted]