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

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THE European Commission has advised that it is banning surcharges for consumer debit and credit card payments made online – and in shops – anywhere in the EU.

“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,” noted an EC spokesman.

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

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