Re:Visa, Mastercard $30B swipe fee settlement rejected by US...
by doikor on Wednesday June 26, 2024 @04:33AM
(#40797699)
> is there some sort of contract that stops vendors from adding a "credit card processing fee"?
In EU it is not allowed to charge the customer any kind of extra fee for using a card. Though obviously it only works well together with the 0.3% cap on the actual fees the vendor pays.
> You're not allowed to charge your customers extra for using a credit or debit card. This applies to all card purchases (in shops and online) made throughout the EU.
In EU it is not allowed to charge the customer any kind of extra fee for using a card. Though obviously it only works well together with the 0.3% cap on the actual fees the vendor pays.
https://europa.eu/youreurope/business/finance-funding/making...
> You're not allowed to charge your customers extra for using a credit or debit card. This applies to all card purchases (in shops and online) made throughout the EU.