CARD PAYMENT SURCHARGE BAN: HOW WILL IT AFFECT YOUR BUSINESS?
October 26th, 2017.


In an unprecedented move, the government announced that from January retailers will be banned from charging customers fees to use their credit or debit card at the point of purchase. What does this mean for your business?


The surcharge ban has caused waves across the independent business community. A lot of businesses are worried about their bottom line, fearing the impact as they now have to absorb – rather than offset – the fees that a lot of merchant service providers include as part of their monthly charges. While, at the other end of the spectrum, some retailers support the move, believing that it will restore consumer faith in independent businesses, making them more willing to step in-store without the fear that a payment charge will be added at the final stage of their transaction.

In today’s almost cashless society, it’s crucial that retailers embrace card payments and remove every possible obstacle that may deter customers from making a purchase.


For the full story at growthbusiness.co.uk CLICK HERE