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"May and the conservative party are proudly boasting they have put legislation in place to stop surcharges when using credit cards on line. Except it's yet another bit of EU work to protect the consumer. Not hers, not barking Boris's, most definitely not Corbyns, the EU. " They indeed most of the parties claim a lot of credit for EU directives...one big one springs to mind  | |||
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"May and the conservative party are proudly boasting they have put legislation in place to stop surcharges when using credit cards on line. Except it's yet another bit of EU work to protect the consumer. Not hers, not barking Boris's, most definitely not Corbyns, the EU. " It's for any Credit or Debit card transaction between a UK & EU Company and a UK customer online or instore. On the outside it sounds a good idea but we all know what will most probably happen, prices across the board may rise to compensate for the losses companies will incur and that will then affect cash paying customers that wouldn't be using cards to start with. | |||
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"May and the conservative party are proudly boasting they have put legislation in place to stop surcharges when using credit cards on line. Except it's yet another bit of EU work to protect the consumer. Not hers, not barking Boris's, most definitely not Corbyns, the EU. It's for any Credit or Debit card transaction between a UK & EU Company and a UK customer online or instore. On the outside it sounds a good idea but we all know what will most probably happen, prices across the board may rise to compensate for the losses companies will incur and that will then affect cash paying customers that wouldn't be using cards to start with." It's still not Mays legislation. The quitters need to realise it's yet another example of the EU protecting the citizen | |||
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"But prices will rise and we'll be paying the same! Although the intent is good (and I agree with it in principle because if what it's meant to do), it will have two effects- It will help fuel inflation, and allow extra charges to be hidden (no transparency). " So just to be clear not the government's or May's work as the OP says but looks like yet another crappy piece of EU work. | |||
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"So just to be clear not the government's or May's work as the OP says but looks like yet another crappy piece of EU work. " So great news if thought up by our government as it makes forces sellers to be transparent about prices by banning hidden charges when purchasing goods on line, but crappy interference if the rule originates in Brussels even though it is clearly to all consumers benefit. That just about says it all, is it possible to be more xenophobic? Further considering how long it takes for any EU directive to be produced what does it say about May and this Tory government that rather than say 'that's a really good idea' and use a statutory instrument to enact a piece of secondary legislation and adopt the rule before the EU issues a directive they wait for the EU to force them to act and then claim credit for it. Now that to me is the real story here. Exactly how corrupt do you have to be to do something so obviously dishonest? But then Tory does derive from the Irish word tóraidhe, which means outlaw, robber or brigand. Pretty apt for this latest shower really. | |||
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"Bitter & twisted as per then Centaur  "Not really, you even criticised the scheme yourself earlier on in the thread. As others have said it is most likely to lead to higher prices across the board with extra hidden charges like service charges being added and no transparency. | |||
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"Bitter & twisted as per then Centaur
Not really, you even criticised the scheme yourself earlier on in the thread. As others have said it is most likely to lead to higher prices across the board with extra hidden charges like service charges being added and no transparency. "Higher prices that are cancelled out by the removal of interchange fees. Of course some retailers will pass this cost on but then Sainsbury's John Lewis M&S and countless others absorb them already, unless you're happy with 2 companies (no one really uses Amex do they) setting the rate that all consumers and retailers pay? you wouldn't rather any rate to be set by thousands of retailers deciding? | |||
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"But prices will rise and we'll be paying the same! Although the intent is good (and I agree with it in principle because if what it's meant to do), it will have two effects- It will help fuel inflation, and allow extra charges to be hidden (no transparency). So just to be clear not the government's or May's work as the OP says but looks like yet another crappy piece of EU work. " And the British government did what, exactly? Shouldn't you be reading your daily mail? | |||
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"But prices will rise and we'll be paying the same! Although the intent is good (and I agree with it in principle because if what it's meant to do), it will have two effects- It will help fuel inflation, and allow extra charges to be hidden (no transparency). So just to be clear not the government's or May's work as the OP says but looks like yet another crappy piece of EU work. And the British government did what, exactly? Shouldn't you be reading your daily mail?" If I were travelling on Virgin Trains today I'd probably buy a copy, seeing as Richard Branson ordered the ban on the sale of the Daily Mail on its trains to be lifted today. Richard Branson called the temporary ban a 'PR disaster' for Virgin Trains. | |||
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"But prices will rise and we'll be paying the same! Although the intent is good (and I agree with it in principle because if what it's meant to do), it will have two effects- It will help fuel inflation, and allow extra charges to be hidden (no transparency). So just to be clear not the government's or May's work as the OP says but looks like yet another crappy piece of EU work. And the British government did what, exactly? Shouldn't you be reading your daily mail? If I were travelling on Virgin Trains today I'd probably buy a copy, seeing as Richard Branson ordered the ban on the sale of the Daily Mail on its trains to be lifted today. Richard Branson called the temporary ban a 'PR disaster' for Virgin Trains. "Don’t believe all you read | |||
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"But prices will rise and we'll be paying the same! Although the intent is good (and I agree with it in principle because if what it's meant to do), it will have two effects- It will help fuel inflation, and allow extra charges to be hidden (no transparency). So just to be clear not the government's or May's work as the OP says but looks like yet another crappy piece of EU work. And the British government did what, exactly? Shouldn't you be reading your daily mail? If I were travelling on Virgin Trains today I'd probably buy a copy, seeing as Richard Branson ordered the ban on the sale of the Daily Mail on its trains to be lifted today. Richard Branson called the temporary ban a 'PR disaster' for Virgin Trains. "The only reason I would buy the daily mail is if I needed to soak up the contents of a sess pit. Horrible paper. | |||
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"Bitter & twisted as per then Centaur
Not really, you even criticised the scheme yourself earlier on in the thread. As others have said it is most likely to lead to higher prices across the board with extra hidden charges like service charges being added and no transparency. "I like that all you do is rehash other peoples points. Its been about 6 months since ive actually seen you post something original - eg, a bit of economic theory you believe to be true, rather than just you opinion. Its getting hard to value your opinion when its just rehashed points from other users. | |||
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"Bitter & twisted as per then Centaur
Not really, you even criticised the scheme yourself earlier on in the thread. As others have said it is most likely to lead to higher prices across the board with extra hidden charges like service charges being added and no transparency.
Higher prices that are cancelled out by the removal of interchange fees. Of course some retailers will pass this cost on but then Sainsbury's John Lewis M&S and countless others absorb them already, unless you're happy with 2 companies (no one really uses Amex do they) setting the rate that all consumers and retailers pay? you wouldn't rather any rate to be set by thousands of retailers deciding?"Agreed, atleast this leaves room for competition between service providers, within the regulation. But you know I thought a good trait of buisness owners was pragmatism. | |||
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