Bank Cards

(asked on 5th December 2014) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what is their assessment of retailers who are seeking to pass on the merchant charges to their customers when they pay for goods or services using debit or credit cards.


Answered by
 Portrait
Lord Deighton
This question was answered on 19th December 2014

The Government is clear that merchants should not pass on a charge to a customer that is higher than the cost that merchants themselves incur for processing that payment.

This is why the Government brought in the Consumer Rights (Payment Surcharges) Regulations 2012 in April 2013, which state that if a business wishes to charge a customer for using their credit or debit card, then that surcharge must not be higher than the cost the business has to pay for processing that method of payment.

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