{"id":91596,"date":"2018-06-17T13:00:06","date_gmt":"2018-06-17T06:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/end-of-the-great-card-payment-rip-off-no-its-just-a-new-one\/"},"modified":"2018-06-17T14:04:36","modified_gmt":"2018-06-17T07:04:36","slug":"end-of-the-great-card-payment-rip-off-no-its-just-a-new-one","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/end-of-the-great-card-payment-rip-off-no-its-just-a-new-one\/","title":{"rendered":"End of the great card payment rip-off? No, it\u2019s just a new one"},"content":{"rendered":"


\nRules designed to protect the consumer from extra credit and debit card charges seem to have backfiredIt was meant to be the end of the rip-off that cost consumers hundreds of millions of pounds a year. In January, all extra charges for using a credit or debit card to pay for goods and services were banned to prevent nasty surprises at the checkout. However, five months on, increases in the cost of transactions by Visa and Mastercard mean consumers now face the prospect of paying more for goods and services.UK traders have to pay \u00a31bn extra a year to Visa alone, after the US-owned giant doubled its fees for every card payment. This means smaller retailers are, in turn, being forced to increase their prices to cover the extra charges, thus undermining January\u2019s surcharge ban. Continue reading…
\n
\nSource : theguardian.com
\nRead more…End of the great card payment rip-off? No, it\u2019s just a new one<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rules designed to protect the consumer from extra credit and debit card charges seem to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-91596","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-nPm","jetpack-related-posts":[{"id":76480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-cards-is-this-the-end-of-the-great-rip-off\/","url_meta":{"origin":91596,"position":0},"title":"Credit cards: is this the end of the great rip-off?","date":"January 13, 2018","format":false,"excerpt":"\r Customers can no longer be charged extra for paying by credit or debit card, but firms are finding ways to get around the banAt midnight on Friday, a rip-off that has cost Britons hundreds of millions of pounds a year was finally outlawed. All extra charges for using a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-charges-for-paying-by-card-to-be-banned\/","url_meta":{"origin":91596,"position":1},"title":"'Rip-off' charges for paying by card to be banned","date":"July 19, 2017","format":false,"excerpt":"\r Britons could save hundreds of millions a year as fees added to payments for goods and services such as flights and tax bills are axed from JanuaryAll extra charges added to payments for goods and services made by card are to be outlawed, ending a \u201crip-off\u201d that costs Britons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/visa-combines-debit-and-credit-on-single-card-introduces-new-payment-options\/","url_meta":{"origin":91596,"position":2},"title":"Visa combines debit and credit on single card, introduces new payment options","date":"May 29, 2024","format":false,"excerpt":"\r Visa introduces new payment products and services in Middle East\r \r Source : arabianbusiness.com\r Read more...Visa combines debit and credit on single card, introduces new payment options","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/05\/visa-card-mobile-payments-2-1000x643-1.jpg?fit=1000%2C643&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":91636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-travel-company-charged-me-100-to-use-a-credit-card\/","url_meta":{"origin":91596,"position":3},"title":"A travel company charged me \u00a3100 to use a credit card","date":"April 20, 2014","format":false,"excerpt":"\r Having paid for a holiday, there's an extra cost \u2026I booked a \u00a35,000-plus holiday through Travelbag over the phone. It was only when I came to pay that I was told that there would be an extra charge of more than \u00a3100 because I was paying by credit card.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-car-dealer-went-bust-in-the-middle-of-a-sale-what-now\/","url_meta":{"origin":91596,"position":4},"title":"A car dealer went bust in the middle of a sale. What now?","date":"December 31, 2015","format":false,"excerpt":"\r We paid \u00a33,750 by Visa and wondered if \u2018chargeback\u2019 would cover usMy friend paid \u00a33,750 for a car through a local dealer. Another \u00a33,750 was to be paid on delivery. A week before the delivery date the dealership went into administration and he\u2019s been told that as the company\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/visa-failure-shows-the-dangers-of-ditching-cash-letters\/","url_meta":{"origin":91596,"position":5},"title":"Visa failure shows the dangers of ditching cash | Letters","date":"June 5, 2018","format":false,"excerpt":"\r Doug Clark says two credit card providers hold the lion\u2019s share of the market, giving them a worrying degree of control over our means of payment, and Mike Peart says he shouldn\u2019t be discriminated against financially for not having a smartphoneOn Friday millions of people across Britain and Europe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91596"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=91596"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91596\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=91596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=91596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=91596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}