Sunday, December 25, 2011

Excessive Credit Card Surcharges will be banned earlier in the UK




The UK government plans to make an end to the excessive credit card surcharges that currently have to be paid (mostly by airlines or travel websites), much earlier then expected. It is now planned for the end of 2012.

The office of fair trading, released a report in June about how the travel industry uses this credit card surcharges. The government of the United Kingdom, now has plans to make an end to these excessive credit card surcharges much earlier then mid 2014 (when EU rules will be implemented).

Most likely much earlier companies in the UK can only charge the actual cost of processing card payments to the consumers. Usually only 1 or 2 per cent of the total price. So not the 17 pounds Air Berlin charges at the moment.

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