Law to stop charges on credit card purchases

Law to stop charges on credit card purchases
Law to stop charges on credit card purchases
 © FinancialMirror 2023
Parliament wants to end retailers charging customers a surcharge for paying with plastic money by taking advantage of loopholes in the existing legislation. Under a 2021 law, all businesses offering services are legally obligated to accept credit card payments, from kiosks to lawyers. However, smaller businesses, citing increased operating costs and the fact that they deal in small purchases, have been adding a surcharge for the use of plastic money, evoking an article in the legislation. Some small businesses have been charging clients wanting...


Click to view: Daily Cyprus News Headlines - Live

Article automatically added to our system on Friday, March 31, 2023

Law to stop charges on credit card purchases


Contents of this article including associated images are © FinancialMirror 2023
Views & opinions expressed are those of the author and/or FinancialMirror .

Article Tags: #charges   #credit   #purchases  


Advertise Here