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As advertised on money saving expert. I expect the big losers to be airlines and travel agents. But now presumably you could get a 0% credit card and pay for a car/ proportion of car, which the salesman will really hate!
Seems like a good thing for consumers, but I am sure things like booking fees will rise ( how else do I book something?!)
price will go up.
They can refuse to accept it.
Just Eat have introduced a Service Charge that almost exactly matches their previous card fees.
It's both a significant revenue stream and/or cost for a lot of companies - they'll all be looking to claw back the fees the card acquirers charge them from somewhere.
I bought my last car on a 0% credit card (3 of them actually), was cheaper than a loan. Salesman wasn't bothered in the slightest. They are getting paid who cares.
. They are getting paid who cares.
Seems like a good thing for consumersNot sure, although I admit I haven't looked into it or thought about it! Merchants who were previously happy to absorb the cost & not charge a fee will carry on doing so, merchants who had a fee will just put prices up to compensate surely. The only people who'll lose out are those who are happy to use a debit card and now have to pay more.
Clearly there are advantages to the consumer in using a credit card, both in terms of protection and cash flow. It can't be a free service so why should the retailer have to pay?
New Zealand has a law that says if you charge a fee for one payment method you have to offer another, fee free, alternative.
It seems a better approach than a blanket ban on all fees that end up penalising those paying with a lower fee/fee free method of payment.
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This also affects payments to HMRC, so they are no longer accepting payment by personal credit card.
Worth knowing, if you have a tax bill to pay this month 
Car sales will be the least affected by this
They will be on a very low charge any way
Even if they charged you a fiver to use 0% finance from a card surely you would just pay it
they will just increase their price to adjust the offset
The retailer should just charge a price for the product/service. Any charges for paying by card are operating costs that they should factor in to the price.
For example Tesco don't charge for paying on credit card. British Airways do.
It’s a con, it’s simply for airlines and other tourist/Service industries to avoid section 75 protection so they make it cheaper to pay by other means leaving the consumer less protected. Personal hate of mine.
And as for costs - not that relevant these days the majority of merchants accounts pay a percentage based fee, it used to be pence on a debit card and 2-3 percent on credit, now it tends to be 1-1.5 percent for both.
About time it came into action, should have been stopped years ago.
Credit card fees to the dealer are usually a percentage of the sale. Debit cards used to charge a flat fee per transaction but I believe thats now changed to a percentage as well.
Car sales will be the least affected by this
yep something like 85% are sold on PCP plans, so only the deposit is affected.
Last week I paid for a holiday using the credit card for extra protection and didn't incur any extra fees
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