Credit Card Charges/Fees

innex

Hi, I've had an email regarding a balance payment on a holiday I've booked with a high street travel agent which says that if I choose to pay by credit card there will be a 2% charge.

Just checking that this is correct as I saw quite a few stories in the news at the end of last year stating that EU regulations now cap charges to a maximum of just 0.3%. Is this right and should I be questioning this charge with the travel agent? Thanks

[Deleted User]

It could still be right. It needs to reflect their costs in accepting cards, which is more than just the merchant fee they pay the issuer.

bengalknights

Retailers can generally charge a fee for processing costs however they dont have to state what this is

chattychappy

Shops can charge what it costs them - and they can build in the total cost - eg renting machines etc.

The 0.3% fee is a different charge, not what retailers are charged.

KennethHardy

Retailers can generally charge a fee for processing costs. The 0.3% fee is a different charge, not what retailers are charged. You can ask him for a fee or charge.

[Deleted User]

KennethHardy wrote: »

Retailers can generally charge a fee for processing costs. The 0.3% fee is a different charge, not what retailers are charged. You can ask him for a fee or charge.

Still spamming Kenneth? Good man.