Fees for using credit or debit cards to buy items such as airline tickets online will be banned by the end of next year under plans announced by the British government on Friday. The move comes after complaints that airlines, entertainment ticket booking agencies and some councils were imposing excessive \"hidden\" charges for using a card which can sometimes be as high as £20 ($31, 24 euros). For example, low-cost airline Ryanair charges £6 per person, per leg, for the use of most cards and British Airways charge £4.50 per booking by credit card. The majority of such fees are added at the final stage of online transactions. Treasury Minister Mark Hoban said consumers should be able to see \"up front\" how much they will have to pay. He said the government would put the plans to consultation early next year and hoped to have the ban in place by the end of the year. Businesses will still be able to add a small charge to cover the cost of a payment method but will be banned from adding excessive fees. Hoban said: \"We want consumers to be able to shop around. They have a right to understand the charges they may incur up front and not be hit through a hidden last-minute payment surcharge.\" Britain\'s Office of Fair Trading estimates that last year consumers spent around £300 million on payment surcharges in the airline sector alone.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meetingMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor