Department for Business, Innovation and Skills
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Excessive charges for use of credit and debit cards to be banned
New proposals to prevent consumers being unfairly charged for using payment methods including credit or debit cards have been announced today by the Consumer Affairs Minister, Norman Lamb.
A new consultation will be launched on Monday to look at banning above cost payment surcharges; a measure the UK will put in place to bring part of the European Union’s Consumer Rights Directive into force. Traders will no longer be able to make a profit by charging the consumer for credit or debit card use above the amount it costs them to process that payment. This ensures that consumers are aware of the level of costs they are committing to and that traders who treat consumers fairly are not disadvantaged by those who use less transparent practices to lure consumers towards less competitive offers.
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