From now on there will be a new standard means of payment, as the House of Congress of Deputies approved the new Act on Payment Services, which declared as void any clause which prevents traders “to ask customers to pay an additional fee or offer a reduction for the use of certain payment instruments” this way., And with this law recognizes the possibility of implementing additional cost for the operations performed by credit cards.
The same rules of the Government reserves the right to restrict or prohibit additional cost to the merchant transaction paid by credit card or other means, if deemed appropriate by the need to encourage competition and promote the use of payment instruments is most effective for this purpose can be found including credit cards and debit cards.
But they have noted from the government, the article does not impose liability for an additional charge percentage also did not alter the current situation, what it does is to protect merchants against possible increases in cost.
This law stipulates that the amount of additional costs will not exceed the difference in costs actually incurred by the recipient for receiving the instrument. But consumers suspicious and believe that the measure would push the price increase of about 1%, according to commission payment card.
Although the experts, some do not believe that a surcharge is applied last. As noted, these EU regulations, including the possibility of this because in some countries at European level, such as Spain, the use of credit or debit card is not so broad and still effective alternative to more expensive.
The law explains that the additional cost they can cost businesses for a particular payment instrument; never exceed the cost incurred by the recipient, so that institutions may charge a customer that is not more than they should pay their suppliers.
Secretary General of the Confederation of Trade of Spain, Miguel Angel Frailer, said that consumers do not return the surcharge fees apply to trader’s entities when customers pay with their cards, and that at no time will be different to when to receive the money. From different consumer organizations have come to report that this law only card purchases more expensive and that is why we have come to recommend pay for purchases in cash.
Beyond the various criticisms and a variety of sectors, supporters of this law argue that it is trying to encourage the creation of single European payment area and to protect consumers and regulate credit relations of non-bank payment institutions with their customers. This law also ensures the implementation of payments across Europe on the same day also set rules to ensure transparency in transfers and sets should be ordered to pay the amount requested operation to be taken outside of it to pay the cost.
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