Thousands of corner shops could stop accepting credit and debit cards following the EU ban on fees



Thousands of corner shops and smaller retailers could stop accepting credit and debit cards following a ban on fees, experts warn.
New laws from the EU last week barred firms from charging as much as three per cent extra when customers pay by credit card.
The move was welcomed by consumer campaigners, but shopkeepers claim they face hundreds of pounds of extra costs to cover the fees they are still facing from card providers. 
Some corner shops and small businesses said they had already started to reject plastic, with many putting up 'cash-only' signs.
Other firms are bringing in their own... read more

 
20 January 2018 in Business, Views: 44
Source: Daily Mail
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