CREDIT AND DEBIT CARD CHARGES TO BE BANNED

CREDIT AND DEBIT CARD CHARGES TO BE BANNED


 Your Tax Shop in Tameside can announce that from January 2018 businesses across the UK need to ensure that consumers are NO longer being charged extra for paying by debit or credit card, due to new legislation from the Government.

It is thought that in 2010 alone customers spent £473 million on additional charges from card payments, which is why the Government has announced that businesses will no longer be able to add them to their customers’ bills.

The new legislation is part of a directive from the European Union, where several member states have already banned surcharges on Visa and MasterCard payments. In the United Kingdom, the same rules will be extended by the Government to include American Express and PayPal too.

More than half of all payments in the United Kingdom were made by card in 2016, according to the British Retail Consortium (BRC), with many consumers encouraged by big advances in contactless technology.

In fact, it is thought that a third card of all card transactions are now contactless, according to The UK Cards Association.

Businesses of all sizes must now consider how they can implement card payments into their business, with many traditional tradesman and sole traders paying for mobile card machines.

Should you require any further information on card machines please contact Your Tax Shop at either the Mossley or Ashton office.

CREDIT AND DEBIT CARD CHARGES TO BE BANNED

CREDIT AND DEBIT CARD CHARGES TO BE BANNED


 Your Tax Shop in Tameside can announce that from January 2018 businesses across the UK need to ensure that consumers are NO longer being charged extra for paying by debit or credit card, due to new legislation from the Government.

It is thought that in 2010 alone customers spent £473 million on additional charges from card payments, which is why the Government has announced that businesses will no longer be able to add them to their customers’ bills.

The new legislation is part of a directive from the European Union, where several member states have already banned surcharges on Visa and MasterCard payments. In the United Kingdom, the same rules will be extended by the Government to include American Express and PayPal too.

More than half of all payments in the United Kingdom were made by card in 2016, according to the British Retail Consortium (BRC), with many consumers encouraged by big advances in contactless technology.

In fact, it is thought that a third card of all card transactions are now contactless, according to The UK Cards Association.

Businesses of all sizes must now consider how they can implement card payments into their business, with many traditional tradesman and sole traders paying for mobile card machines.

Should you require any further information on card machines please contact Your Tax Shop at either the Mossley or Ashton office.

CREDIT AND DEBIT CARD CHARGES TO BE BANNED

CREDIT AND DEBIT CARD CHARGES TO BE BANNED


 Your Tax Shop in Tameside can announce that from January 2018 businesses across the UK need to ensure that consumers are NO longer being charged extra for paying by debit or credit card, due to new legislation from the Government.

It is thought that in 2010 alone customers spent £473 million on additional charges from card payments, which is why the Government has announced that businesses will no longer be able to add them to their customers’ bills.

The new legislation is part of a directive from the European Union, where several member states have already banned surcharges on Visa and MasterCard payments. In the United Kingdom, the same rules will be extended by the Government to include American Express and PayPal too.

More than half of all payments in the United Kingdom were made by card in 2016, according to the British Retail Consortium (BRC), with many consumers encouraged by big advances in contactless technology.

In fact, it is thought that a third card of all card transactions are now contactless, according to The UK Cards Association.

Businesses of all sizes must now consider how they can implement card payments into their business, with many traditional tradesman and sole traders paying for mobile card machines.

Should you require any further information on card machines please contact Your Tax Shop at either the Mossley or Ashton office.