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12/23/11

EU ban excessive credit card surcharges

A European Union Consumer Rights Directive will ban businesses in many sectors, including airlines, from imposing above-cost surcharges on payments from mid-2014.

Consumer group singled out low-cost airlines, such as Ryanair and Britain's Flybe and EasyJet , which it said charge fees per passenger, per leg of a journey, even though they only have to process one transaction.

Airline passengers have suffered the most as a result of these rediculous charges. Over the past seven years some airline companies have increased their credit and debit card charges 15-fold per return flight, when the true cost of such a transaction is next to nothing . Worse still is that this fee is charged per passenger.  So when a family of four books a return trip from Britain to Spain today a charge of euro 58 is added just for the privilege of paying by credit card.

A European parliamentarian from Denmark said:  "Actions by us in the EU, like this ban against excessive credit card surcharges probably is one of the many reasons why the powerful global financial industry is constantly undermining the European Union and seeking its destruction."

EU-Digest

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