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    • Lizzytindrawers
    • By Lizzytindrawers 9th Jan 18, 2:03 PM
    • 2Posts
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    Lizzytindrawers
    Credit Card Surcharges on Trade Customer Accounts
    • #1
    • 9th Jan 18, 2:03 PM
    Credit Card Surcharges on Trade Customer Accounts 9th Jan 18 at 2:03 PM
    I have just been told by a large building supplies Company that they can still charge a surcharge if we pay by credit card to clear our account as we have a Trade Credit Account.
    Anyone know if this is correct?
Page 1
    • venison
    • By venison 9th Jan 18, 2:36 PM
    • 1,500 Posts
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    venison
    • #2
    • 9th Jan 18, 2:36 PM
    • #2
    • 9th Jan 18, 2:36 PM
    From what I have read the changes don't come into effect until 13/01/18, how trade accounts will differ if at all I don't know.
    I am a BG on loans,credit cards and benefits I volunteer to help get your forum questions answered and keep the forum running smoothly". Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.
    • Lizzytindrawers
    • By Lizzytindrawers 9th Jan 18, 2:49 PM
    • 2 Posts
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    Lizzytindrawers
    • #3
    • 9th Jan 18, 2:49 PM
    • #3
    • 9th Jan 18, 2:49 PM
    Yes I asked them about payments from the 13/01/2018 - but they responded with "Unfortunately the law regarding credit cards relates to UK Consumers – as you are a Trade Credit customer, currently the surcharge will still stand as the law change does not apply."
    I cannot find anything online that agrees or disagrees with this?
    • BoGoF
    • By BoGoF 9th Jan 18, 4:01 PM
    • 2,858 Posts
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    BoGoF
    • #4
    • 9th Jan 18, 4:01 PM
    • #4
    • 9th Jan 18, 4:01 PM
    As I understand it business cards can still be charged.
    • eskbanker
    • By eskbanker 9th Jan 18, 7:42 PM
    • 6,096 Posts
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    eskbanker
    • #5
    • 9th Jan 18, 7:42 PM
    • #5
    • 9th Jan 18, 7:42 PM
    Yes I asked them about payments from the 13/01/2018 - but they responded with "Unfortunately the law regarding credit cards relates to UK Consumers – as you are a Trade Credit customer, currently the surcharge will still stand as the law change does not apply."
    I cannot find anything online that agrees or disagrees with this?
    Originally posted by Lizzytindrawers
    I posted links to the various documents relating to this legislative change on another thread at: http://forums.moneysavingexpert.com/showpost.php?p=73588691&postcount=34

    I'd interpret these as meaning that consumer cards can't be surcharged when the new regs take effect but that business ones can, i.e. it's the type of card that determines whether surcharges can be applied rather than the type of transaction, so IMHO using a consumer card to settle a business-related account shouldn't be surcharged.

    Edit: MSE agrees with me, as at https://www.moneysavingexpert.com/news/cards/2018/01/cards-fees-to-be-banned-from-saturday
    The surcharge rules are based on how you pay not who you are though. So if you pay with a business credit card you can be charged extra, but if you're a business owner using your personal credit credit you can't be charged the surcharge.
    Last edited by eskbanker; 09-01-2018 at 8:45 PM. Reason: Add link to subsequently-published MSE article
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