Electronic payment fees are of the pastThursday, 09 August 2018 20:32
As a matter of fact, from now on, no fee for a transaction by debit card (Bancontact, Maestro, V-pay) or credit card (Mastercard, Visa, American Express, Diner's Club...) may be passed on to the consumer. Likewise, added cost for transfers and direct payments within the SEPA zone (European Union plus some other countries such as Iceland, Norway and Switzerland) may no longer be billed by the merchant.
This new legislation results from the transposition of a European directive into Belgian law, the aim of which is to encourage electronic payment. This payment mode brings “much greater security, because it reduces the circulation of cash’’ and what is more, it facilitates the battle against tax evasion, insisted the Minister for Economy, Kris Peeters.
The ban on billing consumer fees for electronic payment will apply to purchases both in a store or on the internet. Administrative fees that are often requested for on line purchasing, especially for tickets for events, may still be requested from the consumer, on the condition that he receives all precise information on what the fees cover.
Under the new law, the merchants are still allowed to refuse or to limit payment by a bank card up to a certain amount but must clearly inform the consumer. They must not, however, refuse payment by cash to the advantage of card payment.
In addition, a merchant will still be allowed to encourage electronic payment by granting reduced prices to the consumer choosing this mode.
The Brussels Times
Belgium placed fourth in the European Cycling Union rankings for the 2018 season with 486 points, behind France (1st, 537…
On the occasion of the 70th anniversary of the Universal Declaration of Human Rights, Amnesty International published on Monday a…
Traces of asbestos have recently been detected in a closed technical space aboard two out of twenty examined trains of…
A "Happy Train" with three carriages, specially decorated for winter and the Christmas/New Year holidays, will run from Monday until…