Expert Warns Credit Card Users: Commissions Charged on Payments Are Refundable.
8 Articles
8 Articles
The "card fee" charges demanded by some businesses for credit card payments are drawing criticism from consumers. While citizens have the right to appeal to arbitration boards against this practice, which is legally prohibited, shopkeepers argue that high POS commissions and collection times increase their cost burden.
While credit card use is becoming widespread in both traditional and digital shopping, the "POS commission" and "card surcharge" demanded by some businesses from consumers are causing controversy. Consumers have the right to reclaim any excess amounts paid, as these practices are contrary to legal regulations.
The "card fee" charges demanded by some businesses for credit card payments are drawing criticism from consumers. While citizens have the right to appeal to arbitration boards against this practice, which is legally prohibited, shopkeepers argue that high POS commissions and collection times increase their cost burden.
In many sectors, from taxis to restaurants, consumers who want to pay by card are being charged an illegal POS fee of up to 12%. While the law strictly prohibits these additional charges, businesses complain about high bank commissions, and citizens complain about the illegally collected fees.
The fees on digital payments do not weigh in the same way on all the activities. Small shops can get to pay costs three or four times higher than large companies, which have more contractual strength and much larger volumes. To highlight this is a new study published by the Bank of Italy, dedicated to the possible limits to
While the "card fee" illegally charged by businesses for credit card payments has drawn consumer backlash, it has been learned that these payments can be reclaimed through Consumer Arbitration Boards. Here are the details...
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
