EU bans credit card surcharges

Customers can no longer be charged extra for paying by card, or for using their card in another EU country

The European Commission’s ban applies to all card purchases (in shops and online) made within a person’s home country or in another EU member state

By Dave Jones

THE European Commission has banned surcharges for consumer debit and credit card payments made online – and in shops – anywhere in the EU.

An EC spokesman said: “When you make a cross-border payment in euros and Swedish Krona within the EU, your bank can’t charge you more than it would for an equivalent national transaction.”

“Even banks based in EU countries outside the euro area must apply this rule.”

The EC noted that this includes any transfers between bank accounts in different EU countries; withdrawals from cash machines in EU countries; payments by debit or credit card across the EU; and direct debit transactions.

Read more in this week’s print edition or go to e-paper


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