debit card transactions

U.K. Bans Surcharges on Credit Card Transactions

In the U.K., the finance ministry has ruled that companies can no longer charge an additional fee on transactions completed with credit cards. The ministry’s most recent study found these fees, which they call “rip-off charges,” had reached £473 million ($617 million) in 2010. “Rip-off charges have no place in a modern Britain and that’s why