Switzerland Consults on Card Fee Transparency Rules to Help Merchants
4 Articles
4 Articles
Federal Council launches consultations on amending the law, with the aim of providing merchants with clear information on the commissions they pay during cashless transactions.The Swiss Federal Council launched a consultation process on Wednesday to amend the Law Against Unfair Competition, with the aim of increasing transparency on the fees that merchants pay for electronic payment services, RTS writes.When customers pay via TWINT, Visa or Mast…
Traders should be able to see clearly in the future how the cash-free fees are composed.
Switzerland Consults on Card Fee Transparency Rules to Help Merchants
Switzerland’s Federal Council has opened a public consultation on new rules for card fees. Its goal is to help merchants see what they pay for when customers use cards or Twint. The draft amends the Federal Act on Unfair Competition. In doing so, the government acts on a mandate from Parliament. Most cashless payments in [...] The post Switzerland Consults on Card Fee Transparency Rules to Help Merchants appeared first on Fintech Schweiz Digital…
Traders must be able to determine the fees that are applied to cashless payments. On Wednesday, the Federal Council opened a consultation procedure on an amendment to the law against unfair competition.
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