Credit Card Payment Surcharging – update

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We published an article in December about the looming change in regulations:

https://www.mia.org.uk/2017/12/credit-card-surcharges-have-you-all-seen-this/

The UK Government’s regulation banning surcharging (adding a fee for paying by card) on retail card payments came into effect on Saturday, 13th January 2018. This means businesses are no longer able to apply a fee to consumers for most of the cards they accept.

However, business to business transactions can still surcharge as long as the charge is no more than the actual cost involved in facilitating the service.

You can find more information on this, including further details on the card types that can no longer be surcharged for, by visiting the following page on the government’s website:

https://www.gov.uk/government/publications/payment-surcharges.