Bank Cards: Surcharges

Business, Innovation and Skills written question – answered on 11th February 2013.

Alert me about debates like this

Photo of Nicholas Dakin Nicholas Dakin Opposition Whip (Commons)

To ask the Secretary of State for Business, Innovation and Skills

(1) when legislative guidance that will accompany the ban on excessive surcharges on the use of credit and debit cards will be published;

(2) if he will introduce detailed legislative guidance to ensure that surcharges on the use of credit and debit cards are fully cost-reflective.

Photo of Jo Swinson Jo Swinson The Parliamentary Under-Secretary of State for Women and Equalities, The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The Consumer Rights (Payment Surcharges) Regulations 2012, which prohibit traders, in respect of a given means of payment such as a debit or credit card, from charging consumers fees that exceed the cost borne by the trader for the use of that means, were made on 18 December 2012 and come into force on 6 April 2013. We are now working to produce guidance and will issue it as soon as possible.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.