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Shopkeepers call for action to slash high credit card fees

Monday 07 January 2013

Dutch shopkeepers are calling for government intervention over the high costs they have to pay to process credit card transactions, RTL news said on Monday.

The cost to the shop of a credit card transaction can be as much as 40% higher than for a normal debit card, sector organisation Detailhandel Nederland says.

Credit card companies get a percentage of sale price of the goods and services, but pin card transactions have a fixed fee.

‘This means the shop and consumer are paying towards something which has nothing to do with the cost of the transaction,’ the organisation said. Shopkeepers also want credit card firms to be more transparent about how their costs are calculated.

Campaigns against high charges have been a success in the US and in Portugal, Detailhandel Nederland told the broadcaster.

© DutchNews.nl



 

Readers' Comments

Complete rip off!! Why are credit card companies entitled to a percentage of the sale price of the goods?? Thats just crazy! I really hope the government intervenes on this one! (Although I guess the charges will just go up somewhere else, either through interest or other charges)
At least now I know why so many stores dont have machines that accept my credit card.

By VC | 7 January 2013 11:35 AM

Often it would be no sale without a credit card. Credit cards typically get 4 or 5 percent. Stores could offer their customers an equivalent discount for paying with a debit card or cash.

By Puck | 7 January 2013 5:13 PM

Are these charges tax deductible, does anybody know?

By radio junkie | 7 January 2013 6:39 PM

In most other EU countries shops absorb cost of credit cards. I think Dutch shop owners are a little tighter than other countries. Maybe with a little more customer friendly attitude, they might get some more business.

By Sim | 7 January 2013 6:52 PM

In UK the typical CC charge to the shopkeeper is between 2.5 & 5% which is reasonable since they offer the shopper a means to sell their goods and the buyer a months credit. Everything in Holland is a rip off just now.

By AndyT | 7 January 2013 8:06 PM

 
 
 
 
 
 
 
 
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