| Trade must report the charge that applies in card purchases |
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Businesses that apply surcharges to credit card purchases must inform customers how much money is the extra outlay. This is referred to the ministerial decree implementing the Law of Payment Services. The bank fails a grace period to delay the implementation of the measure.
The shops may charge more to their customers for transactions that are paid with cards or checks instead of cash. That yes, should make it clear to what extent the means of payment used expensive transaction. The Economy Ministry has drafted an order information on the conditions applicable to payment services. The draft, which has had access CincoDías, was opened to public on Thursday and is intended to complement the Payment Services Act passed in November. This rule is the transposition of an EU directive. Interested parties may present their comments until 17 February. Merchants that accept card payments from your bank to pay a fee for each transaction they process their terminals. This payment is known as the discount rate and you can pass on to customers. Until now, the store should take it. The measure is applicable to checks, but its acceptance is residual in comparison with plastics. The order prepared by the Economy requires stores that surcharges should be in "prominent" and exposed in an "easily readable" a poster listing the payment instruments that involve additional costs. And before materializing the sale, the customer must specify the amount of the surcharge. Moreover, this can not exceed the rate payable trade to the bank. The main associations of traders in their day ahead not apply card charges, but the bank is concerned about the business practices of some low cost airlines. They apply a different charge depending on the card with you pay the fare. Moreover, the obvious ministerial order, as did the Law of Payment Services, the request to the bank to delay the arrival of the surcharge to allow Spain to reach a level of card penetration similar to the rest of Europe. Five Days 03/02/2010 |
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