From 13 January 2018, businesses will no longer be able to charge customers a fee for using their debit or credit card to pay for goods or services.
Currently, a trader can apply a surcharge when taking payment by debit or credit card to cover the cost of accepting card payments. Under the new rules, all surcharges on card payments will be banned.
However, business operators can continue to refuse card payments or to require a minimum spend for card transactions.
For further information visit the Financial Conduct Authority website.
Posted on: Monday 22nd January 2018