Surcharge for card payments.

KoolKid

Stanleys in The Blanchardstown Centre are now charging a 50c surcharge for card payments on a long list of items.
Debit & Credit Cards Payments are pretty much standard everywhere now, this is unbelieveable..:eek:

longhalloween

I can't remember if it costs the retailer 12c or 20c per credit card purchase. Most shops have a minimum spend to absorb this but 50c is taking the p*ss.

KoolKid

This is all card transactions, not just credit cards.

keithclancy

AFAIK it breaks Visas Retailer T&Cs

http://www.visaeurope.com/en/newsroom/faqs.aspx

Why do some retailers add a surcharge to card payments? Doesn’t this undermine Visa’s argument that cards are cheaper than cash for retailers?

Visa regulations include a no surcharging rule, however local laws in each European country may specifically allow retailers to surcharge. However, in countries where surcharging is permitted, very few retailers and businesses impose it as they recognise it discourages custom. Furthermore, most retailers benefit from card payments in a number of ways including: cost savings – no need to count, store and collect cash; and increased security - for example chip and PIN which has more than halved fraud levels since it was introduced; and a reduction in losses of cash from till.

With the implementation of the Payment Services Directive (PSD) – a regulatory initiative from the European Commission to regulate payment services and payment service providers, as part of the goal of achieving a Single Euro Payment Area (SEPA) - countries are obliged to legislate on whether surcharging is permissible or not. National Governments are working on transporting the directive into law, and countries are at various stages of this. Any countries that opt to permit surcharging will implicitly encourage the use of cash, which for society at large, is a more expensive and more insecure payment mechanism.

Maybe check with them.

Worst case scenario just vote with your feet.

maps and atlas

There is new legislation being drafted about payment charges and how they are applied and the government are currently seeking consultation on new EU legislation about Article 19 on fees for the use of means of payment and Article 22 on additional payments.

For further info see:

www.deti.ie/publications/commerce/2012/arts19&22crd.pdf

sandin

With most Laser transaction now moved to visa debit, retailers are charged up to 35c per transaction. This is set to change soon with contactless payments and a withdrawl of insurance fees on purchases under a set amount (probably €20). This will reduce the retailer cost to about 10c-15c for a transaction under €20