END OF FEE SCAM “Rip off” credit and debit card fees are to be banned from next year : Sun.

An estimated £473 million has been lost in credit and debit card charges, according to Treasury figures.

FIRMS are to be banned from fleecing customers with “rip-off” credit and debit card fees.

From January, they will not be allowed to add the levies – which are as high as 3 per cent.

The new rules will ban companies from charging up to 20 per cent more for purchases

PA:Press Association
The new rules will ban companies from charging up to 20 per cent more for purchases

Airlines are some of the worst offenders but even local councils and Government bodies like the DVLA have them.

They are often also found in local shops and on takeaway apps like Just Eat, as well as other services such as PayPal.

Businesses use the excuse that the surcharge is to cover the cost of processing a card payment. But experts say they are hugely inflated.

An estimated £473 million has been lost in credit and debit card charges, according to Treasury figures.

Stephen Barclay, economic secretary to the Treasury, said: “Rip-off charges have no place in a modern Britain and that’s why card charging in Britain is about to come to an end.

“This is about fairness and transparency, and so from next year, there will be no more nasty surprises for people at the check-out just for using a card.

Link : Sun.

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