Ireland plans credit card surcharge
ban.
by MEDIA CONTACT RESOURCES, INC.
On March 14, 2007, the Irish Times (Dublin) ran a story on new laws
proposed by the government that would ban surcharges on purchases based
on the method of payment-credit cards, debit cards, or any other
non-cash method.
A wave of consumer protest swept Ireland when an Irish cable
company imposed a surcharge on customers who paid with a credit card and
not a debit card.
According to the Times, "New regulations will also force
traders to provide information on the full price of goods and services.
This measure will require airlines and concert promoters, for example,
to include all charges and fees when listing prices." Concert
promoters in Ireland are notorious for including hidden charges in the
price of concert tickets.
Retail industry reaction to the laws was negative. The industry
maintains that it is now prohibited from passing along discounts to
consumers who pay by more cost efficient methods than credit cards,
namely debit cards. One of the reasons that the laws were proposed was
that other retailers were termed "likely" to copy the local
cable company in imposing surcharges.
The Irish lawmaker who introduced the law said consumers should not
be penalized for their payment method because all payment methods
generate costs for retailers.
COPYRIGHT 2007 Media Contact Resources,
Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.