Global  Video

“The world's speediest news portal”
One News Page
> >

Britain Gets to Work Removing Pesky Card Fee – but Have Businesses Found a Way Around It?

One News Page Staff Wednesday, 17 January 2018
Britain Gets to Work Removing Pesky Card Fee – but Have Businesses Found a Way Around It?by

The way in which we pay for goods and services has become ever-more convenient – while many of us will have been using credit or debit cards for some time now, it remains fairly clear that e-wallets such as PayPal or even cryptocurrencies such as Bitcoin could be emerging as would-be replacements for physical or card currencies decades down the line. This being said, cards have been a part of our financial culture for considerable years now – and while they have remained enormously convenient both in-store and online when checking out, some firms and services have levied an additional charge simply for the fact that you are using such a card with them. This card fee has been enormously unpopular for some time – and to the relief of many UK shoppers, it’s finally been outlawed.

The move came recently as British Parliament motioned to outlaw credit and debit card transaction fees on goods and services – meaning that even if they were expected to pull in an extra 50p from orders made online or in-store should cards be getting used in any capacity, they will no longer be permitted to levy any additional fees that have previously applied. This means that many stores and businesses will see a cut in revenue as a result of such fees being outlawed, and while it may be a good move on behalf of the consumer, it’s thought that some firms and online stores may already be looking at ways around the ban – either by renaming the fee outright or by raising their prices.

This second possibility is becoming a very real concern according to some experts, who feel that the removal of a card fee will simply encourage costs to spike even further across a multitude of retailers. On the other hand, it may even encourage some firms to remove the option for credit or debit cards completely – personal ones, in any case – though for many, it will likely still need to be a commodity that is kept firmly in place.

Quite what will happen to the UK’s financial landscape remains to be seen for a number of reasons – what with Brexit looming large – but this latest change could see things change rather dramatically indeed for shoppers who are used to having to face a fee when their baskets are full!

10
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: GOBankingRates - < > Embed
News video: Banking Fees You Should Never Pay

▶ Banking Fees You Should Never Pay 00:52

Six banking fees you'll want to avoid.

Recent related news

1952 Topps Mickey Mantle Card Sells for $2.88 Million

PSA Mint 9 condition card is now second-highest selling card in history Newport Beach, California, April 20, 2018 (GLOBE NEWSWIRE) -- A 1952 Topps Mickey...
GlobeNewswire - Press Releases

Chase and Marriott Announce the Marriott Rewards Premier Plus Credit Card – a New Card with More Value, More Access, More Perks and a 100,000-Point Limited Time Offer

Chase and Marriott Announce the Marriott Rewards Premier Plus Credit Card – a New Card with More Value, More Access, More Perks and a 100,000-Point Limited Time Offer
WILMINGTON, Del.--(BUSINESS WIRE)--Chase Card Services, the leading co-brand credit card issuer in the U.S., and Marriott International, today announced the new...
Business Wire - Press Releases

HomeStreet Bank Launches Mobile Security Feature That Gives Customers Total Control over Debit Card from App

HomeStreet Bank Launches Mobile Security Feature That Gives Customers Total Control over Debit Card from App
SEATTLE--(BUSINESS WIRE)--Adding to its collection of digital upgrades and security features, HomeStreet Bank, a subsidiary of HomeStreet, Inc. (Nasdaq:HMST),...
Business Wire - Press Releases

Blackstone to Acquire Center for Autism and Related Disorders (CARD)

Blackstone to Acquire Center for Autism and Related Disorders (CARD)
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that private equity funds managed by Blackstone have agreed to acquire the Center for Autism and...
Business Wire - Press Releases

CPI Card Group White Paper Lights the Road to a Rewarding Dual Interface Card Program

CPI Card Group White Paper Lights the Road to a Rewarding Dual Interface Card Program
LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq:PMTS, TSX:PMTS) (“CPI” or the “Company”), a global leader in financial and EMV® chip card...
Business Wire - Press Releases

You Might Like


Tweets about this


Other recent news in UK

LONDON MARATHON 2017: Mo Farah finishes third as Eliud Kipchoge winsKatie Price forced to pull out of London MARATHON with knee injury after fans spot her in cafe during race
The DARTFORD CROSSING, A2, M25, M20 and M26 are all facing closures this weekARSENAL put four past West Ham in dominant display
When Austin Powers actor VERNE TROYER made a brief visit to GrimsbyFour Britons dead in SAUDI ARABIA bus crash with fuel tanker

Recent related videos

News video: New Medicare cards supposed to help protect you from ID theft

▶ New Medicare cards supposed to help protect you from ID theft 01:14

Social Security Numbers will no longer be on Medicare cards. The card will now be issued with an 11-digit identifier.
Source: RTV6 The Indy Channel -

News video: Customers No Longer Have To Sign For Credit Card Purchases

▶ Customers No Longer Have To Sign For Credit Card Purchases 00:34

Visa, MasterCard, Discover, and American Express have said they'll no longer require customer signatures. Chip-enabled technology does more in the way of fraud protection than signatures. Companies can..
Source: Wochit Business -

News video: Thanks to Millennials, Cash is Fading Out

▶ Thanks to Millennials, Cash is Fading Out 01:01

One in four Americans rarely carries cash at all anymore- and millennials are driving the trend, according to new research. The new research into the spending habits of 2,000 American adults found a..
Source: SWNS STUDIO -

News video: 5 Million Saks and Lord & Taylor Shoppers Victims of Credit Card Hack

▶ 5 Million Saks and Lord & Taylor Shoppers Victims of Credit Card Hack 01:10

5 Million Saks and Lord & Taylor Shoppers Victims of Credit Card Hack The Hudson's Bay Company, who owns both stores, confirmed the hack on Sunday saying the credit and debit card information for over..
Source: Wibbitz Studio -

News video: PD: Man installed skimmer on Florence ATM

▶ PD: Man installed skimmer on Florence ATM 01:43

Police are looking for a suspect who installed a credit card skimmer on an ATM last month, according to the Florence Police Department.
Source: WCPO Cincinnati -

News video: Colombia's Venezuelan migrant influx

▶ Colombia's Venezuelan migrant influx 10:31

The Simon Bolivar bridge has become symbolic of the exodus from Venezuela. The crossing is also just one piece of the complex puzzle facing Colombia, as it struggles to absorb the increasing influx of..
Source: Euronews English -

News video: KJ Alphons assures information in Aadhaar card to be safe and secure

▶ KJ Alphons assures information in Aadhaar card to be safe and secure 01:38

Thiruvananthapuram (Kerala), Mar 25 (ANI): Minister of State for Electronics & Information Technology KJ Alphons assured that the data with the UIDAI cannot be breached and that it is absolutely..
Source: News unlimited -

News video: Nintendo Files Patent For Smart Tech Playing Cards

▶ Nintendo Files Patent For Smart Tech Playing Cards 00:46

Nintendo filed a patent for a trading card set that uses NFC technology like Amiibo. Unlike Amiibo, though, the trading card set appears to be just that — a series of cards designed to be collected..
Source: Wochit News -

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+