INSIGHT

Excessive payment surcharging reforms

By Jacqueline Downes
Banking Consumer law Media, Advertising & Marketing Risk & Compliance Technology

In brief

As of 1 September 2017, merchants will be prohibited from charging excessive payment surcharges for certain payment methods. Under the new rules, businesses can only pass on to customers what it costs them to process a payment.

The Allens Competition team has put together a brief overview of the changes and what businesses should do to prepare for the new regime.

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