CREDIT CARD CHARGE BAN
MEANS EVEN CHEAPER BOOKINGS
Just when you thought the New Year celebrations were over, our holidays are set to get even cheaper! New rules have been put in place for the Government removal of all credit and debit card surcharges, set to come into effect 13 January 2018.
Under the current rules, which were passed in 2013, UK companies should only charge what it costs them to process a debit or credit card payment, nothing more, however consumers continue to face additional charges for transaction fees – with a total of £473m spent on surcharges in 2010, as estimated by the Treasury.
With the new law in place, consumers can benefit from huge savings, particularly on expensive purchases such as flights. While Monarch and British Airways have made tracks to reduce charges in the last year, airlines Ryanair and Norwegian usually charge an extra 2%, and Flybe 3%. From the 13th, airlines and travel companies, including us here at Teletext Holidays, will be eliminating such additional costs to flights and hotel bookings, meaning you can bag your dream break for even less.
In addition to debit and credit card payments, the same rules will apply to other services including American Express, Apple Pay and PayPal – so customers will receive the same protection without additional costs.